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Miguel Angel
Señor Miguel, age 53, is married and has three adult children. He has a carpentry workshop located in his house in which he makes doors, chairs, and dining room sets. Don Miguel began his business 15 years ago. He has been involved in carpentry since childhood. He learned the trade from his brother.


When he began, Don Miguel didn’t have many tools. With the passage of time, he began to build up the capital needed to buy the wood required for his products. The loan will be invested in the purchase of raw materials such as wood, reeds, lacquer, alcohol, cloth, and tools in order to meet commitments for orders that are currently pending.

View original language description ↓
El señor Miguel tiene 53 años, es casado y tiene tres hijos mayores de edad. El señor tiene un taller de carpintería ubicado en su casa de habitación en el cual elabora puertas, sillas, comedores. Don Miguel dio inicio a su negocio hace 15 años, el señor se dedicaba a esta actividad desde su niñez pues fue por su hermano que aprendió el oficio. Cuando dio inicio el señor no tenía muchas herramientas y fue con el tiempo que empezó a hacerse de su capital para comprar tanto madera como sus artículos. El crédito será invertido en la compra de materia prima como madera, junco, maque, alcohol, tela, herramientas, para cumplir compromisos de pedidos que actualmente tienen pendientes.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,551,600
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Miguel Angel to purchase wood, reeds, lacquer, alcohol, cloth and tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2011
Listed
Mar 21, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012