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Marcos Augusto
Marcos Augusto, 28, has five children still in school. His economic activity is providing mototaxi services. He started four years ago and gradually managed to purchase his own mototaxi to provide his customers with good service. His dream is to keep his business active and provide some home improvements which is one of his priorities because his children are growing and he needs to provide proper space for them.

He is asking help from Fundación León. The loan will be for working capital to provide maintenance and repair to his means of transport.
View original language description ↓
El señor Marcos Augusto tiene 28 años, este señor tiene 5 hijos que todavía estudian. Su actividad económica es brindar el servicio de tricitaxi. El dio inicio hace 4 años, y poco a poco ha logro comprar su propio tricitaxi, para ofrecerles a sus clientes un buen servicio. Sus sueños son de mantener activo su negocio y de darle mejoras a su vivienda ya que esta es una de las prioridades que él tiene debido a que sus hijos están creciendo y necesita ofrecerle un espacio que sea propiedad de ellos. Ahora solicita la ayuda de Fundación León 2000 el financiamiento es para capital de trabajo para proporcionarle reparación mantenimiento a su medio de transporte.

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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,048,775
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Marcos Augusto for vehicle maintenance and repair.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2011
Listed
Feb 22, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012