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.
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.
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).