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Reyna Cecilia
Señora Reyna Cecilia is 46 years old and she has two adult children. Reyna has a transportation business and she has ten years of experience. Without a doubt, it took time to save enough so that she could own her own taxi, now her savings have helped her to establish greater economic stability and now she has the ability to cover payments and family expenses. The loan that Reyna is seeking is to buy a part for her taxi as the car already needs repair. In reality, the entire transportation sector is facing the challanges of maintaining profits with the instability of fuel prices, which are more expensive every for even the lowest grade.
View original language description ↓
La señora Reyna Cecilia tiene 46 años, tiene 2 hijos mayores de edad. Ella brinda negocio de transporte, tiene 10 años de dedicarse a esta actividad, sin embargo fue con el tiempo que logro obtener su taxi propio, con los ahorros que obtuvo, lo cual le ha brindado una mayor estabilidad económica ya que ahora las ganancias son para pagos y gastos de su familia. el crédito que está solicitando este crédito con el objetivo de realizar unas compras de artículos para el vehículo, ya que necesita algunas reparaciones. Actualmente, al igual que todo el sector transporte está enfrentando el desafío de mantener los precios y las ganancias, pese a la alta inestabilidad del combustible, lo cual hace que cada día sea más cara la canasta básica y todos los artículos.

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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $23,830,900
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Reyna Cecilia working capital: auto parts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2011
Listed
Feb 7, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2012