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Teresa Luz
66-year old Teresa Luz runs a corner store. This is not the first time she has taken out a loan. She is a single mother and struggles to support her two children. She’s had this job for 14 years and has always worked hard for the wellbeing of her family. Although her business isn’t fancy, she has a wide range of customers who ask for different products. The loan will be used to buy candy, soft drinks, bread, detergent, and grains.
View original language description ↓
Teresa Luz tiene 66 años, su actividad es una pulpería. Por lo que no es la primera vez que realiza financiamientos. Teresa es madre soltera y lucha por mantener a sus 2 hijos. Tiene más de 14 años que tiene este medio de vida, ella siempre ha trabajo por el bienestar de su familia a pesar de que su negocio es humilde tiene una gran variedad de clientes que le solicitan diferentes productos. El crédito es para la compra de golosinas, refrescos, pan, detergentes y granos básicos.

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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $23,442,100
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Teresa Luz to buy more stock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2011
Listed
Mar 11, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2012