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Ruth Mercedes
Ruth is 36 years old and has been selling general merchandise for more than six years. She has three young children. Ruth has proven that she is a hard worker. This is not the first time she has received funding since it has been a great help in moving her business forward and providing her customers with what they request.


The loan she is requesting will be used to buy shoes, general clothing, cosmetics, and other products.

View original language description ↓
Ruth tiene 36 años, Su actividad es la venta de mercadería en general, hace más de 6 años que tiene este negocio. Tiene 3 hijos a su cargo menores de edad, Ruth ha demostrado ser una persona muy trabajadora. Esta no es la primera vez que realiza un financiamiento pues son de mucha ayuda para sacar adelante su negocio y así proporcionarles a sus clientes lo que ellos le solicitan. El crédito que solicito es para la compra de calzado, ropa en general, cosméticos y otros productos.

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
  • 57
    View loans »
    Nicaragua Loans Fundraising
  • $23,427,950
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Ruth Mercedes operating capital to buy merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2011
Listed
Jan 26, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2011