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Pedro Celestino
Pedro Celestino is 52 years old. He has a business buying and selling livestock. He makes his purchases in communities where get gets the most favorable prices, so that he can provide for the daily needs of his family. The loans that he has taken have always been used to invest in his business. At the beginning he did not have enough income, but gradually he was able to buy cows, bulls and calves and have his own business. The most difficult situation was when he didn't have enough animals to sell, but with the financings he was able to overcome this problem and get ahead. The loan that he currently requests will be used to buy more livestock. His wish is to expand his business so that he can improve his economic situation.
View original language description ↓
El Señor Pedro Celestino tiene 52 años. Su actividad económica es la venta y compra de ganado. El negocio consiste en comprar y vender ganado, el realiza sus compras en comunidades por lo que es aquí donde le resulta mucho más favorable para proporcionarle a su familia el pan de cada día. Los financiamientos siempre han sido utilizados para invertirlos en su negocio. Sus inicios se dan por no tener ingresos suficientes y así poco a poco fue logrando comprar vacas, toros y ternero y tener su propio negocio. La situación más difícil es que no tenía suficiente animales para ofrecer pero con loa financiamientos salió adelante. El financiamiento que actualmente solicita es para la compra de más ganado. Su deseo es expandir su negocio para salir adelante.

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

  • $4,800
    Average annual income
  • 92
    View loans »
    Nicaragua Loans Fundraising
  • $24,753,075
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Pedro Celestino working capital to buy livestock.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2011
Listed
Mar 6, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 24, 2012