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Maria Elena
María Elena, 58, is married. She has four children who work independently. She has had a beauty salon for over 30 years. She got the business through her family and she wants to continue with this source of support.

She is a very hard working woman despite her age; she likes this type of business. Her goals for the business is to invest enough in it to keep her customers because she’s the only one providing good service. This is why she’s asking for a loan which will be used as working capital to buy needed supplies for her salon.
View original language description ↓
La Señora Maria Elena tiene la edad de 58 años, su estado civil es casada. Doña Maria tiene 4 hijos y trabajan de manera independiente. Su actividad económica es el servicio de salón de belleza. Hace más de 30 años que se dedica a este negocio ya que por medio de su familia fue que obtuvo este negocio y ahora su interés es seguir con este medio de supervivencia. Ella es una mujer muy luchadora a pesar de la edad que posee, es una mujer que le gusta este tipo renegocio. Sus propósitos para su negocio son de invertir lo suficiente para que mantener a sus clientes ya que es la única que ofrece un buen servicio. Este el motivo por el cual solicita financiamiento destinado para capital de trabajo y comprar los productos necesarios para su salón.

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
  • 60
    View loans »
    Nicaragua Loans Fundraising
  • $23,461,725
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Maria Elena to buy supplies for her beauty salon.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2010
Listed
Nov 12, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011