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Ruth Velia
Ruth Velia is 49 years old and she has a convenience store. Her home is very humble but nevertheless her clients come to her store to purchase various different products. She started out 10 years ago. With a few savings she managed to purchase snacks, soft drinks, bread, detergents and basic grains. She works from 8 in the morning until 10 at night. With this loan she wishes to purchase merchandise. In the future she wants to finish building her home.
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Ruth Velia de 49 años, tiene su negocio que es una pulpería. Su vivienda es muy humilde a pesar de esto es aquí donde llegan sus clientes a solicitar sus diferentes productos. Hace 10 años comenzó a trabajar con algunos ahorros compro golosinas, refrescos, pan, detergentes y granos básicos. En la actualidad tiene su negocio muy bien establecido para mejorar los ingresos de su hogar. Trabaja desde las 8 de la mañana hasta las 10 de la noche. Con el préstamo quiere comprar la materia prima necesaria. En el futuro quiere terminar de construir su casa ya que le faltan algunas mejoras.

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
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 21.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Ruth Velia to purchase merchandise.
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:
Dec 15, 2011