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Luis Angel
Luis Ángel sells food. He started this business two years ago. His intention was to have his own business in order to get income to support his family. His business is in the market that is frequented by his different customers.

The dishes that he sells are rice, meat, chicken, fried cheese, “maduro” (fried plantain), and fried tortillas, among others.

He is requesting a loan to buy basic grains, fruit, juices, and soft drinks. Of course, the problem that his business faces is that at times he does not have money to invest in it. This loan will help him buy more raw materials. His goal for the moment is to expand his business in order to get greater income.
View original language description ↓
El señor Luis Ángel se dedica a la venta de comida. El señor inicio con este negocio desde hace 2 años, esto con el propósito de tener su propio negocio, y así poder obtener ganancias para brindar la manutención de su familia, este local está ubicado en el mercado en donde es frecuentado por sus diferentes clientes. Los platillos que ofrece son arroz, carnes, pollo, queso frito, maduro, tortilla fritas entre otros. El señor está solicitando este crédito con el objetivo de invertir en la compra de granos básicos, frutas, jugos y gaseosas. Por supuesto, el problema que enfrenta su negocio es que a veces no tiene dinero para invertir en el mismo, por lo que este préstamo le ayudara a comprar más materia prima. Su meta por el momento es ampliar más el negocio y así obtener mayores ganancias.

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

About Nicaragua

  • $3,636
    Average annual income
  • 82
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Luis Angel working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011