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Yader Fernando
Yader, 44, lives with his 13 year old son, and he has a taxi. He started as a driver for another taxi since he didn’t have enough capital, but he has always been looking for a way to increase his income. He works every day from 6 in the morning to 10 at night but he can’t work later because of the problems. He wants to continue with his business so that he can keep supporting his family. That is why he needs financing so that he can buy tires, replacement parts, and for some repairs that he needs to make on his car. In the future he would like to have another taxi and continue offering good service.
View original language description ↓
Yader de 44 años, se dedica a brindar el servicio de taxi vive con su hijo de 13 años, que está a su cargo. Inicio como chofer de otro taxi, ya que no tenía suficiente capital, por lo que siempre ha buscado la forma de mejorar sus ingresos. Sus servicios los ofrece todos los días desde las 6 de la mañana hasta las 10 de la noche, por lo que no puede trabajar hasta muy tarde por los problemas. El quiere seguir con su negocio para seguir manteniendo a su familia. Por eso necesita el financiamiento para la compra de llantas, repuestos y ciertas reparaciones que tiene que hacer a su unidad. En el futuro quiere obtener otro taxi y seguir ofreciendo un buen servicio.

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

  • $4,800
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Yader Fernando working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2010
Listed
Nov 16, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011