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Hernan
Mr. Hernan owns a small grocery store that is located at his house which is in the Jicaral District. He has an established customer base. He has a beautiful family with fifteen children that are all grown-ups. He started this business after his wife died. Before she died she ran this business. As time passed, her business grew. This is why Hernan decided to take charge of the business. He would like to provide his customers with a greater variety of products. He enjoys working and with this loan he will buy wholesale goods as this will help with supporting, developing and growing his business.
View original language description ↓
El Señor Hernan es propietario de una pulpería ubicada en su vivienda que es en la comarca del jicaral, cuenta con clientela formada, tiene una hermosa familia conformada por 15 hijos pero ya todos son mayores de edad. El inicio cuando su esposa falleció, ya que anteriormente ella tenía el negocio, con el paso del tiempo el negocio fue creciendo fue así que más tarde Herman opto por hacerse cargo del negocio con el fin de proporcionar a sus clientes mayor variedad de productos. El Cliente manifiesta su satisfacción por trabajar y con el financiamiento comprara materia prima ya que se acercan buenas temporadas esto contribuirá por el apoyo, desarrollo y crecimiento para su actividad.

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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,100
    Funds lent in using Kiva
  • 21.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Hernan working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2011