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Lorenzo Romulo
Lorenzo is a 54-year-old father who lives with his wife and three children. He has worked providing welding services for more than 20 years. Lorenzo wants to finish building his house and in order to do so, it is necessary for him to request a loan to buy iron, gloves, cables, and other various items. He is a person who puts all of his effort into his work so that he can get his family ahead.
View original language description ↓
Lorenzo es un padre de familia de 54 años que vive junto a su esposa y a sus 3 hijos. Se dedica a brindar el servicio de taller de soldadura, desde hace mas de 20 años que se dedica a este negocio. Lorenzo desea terminar de construir su vivienda, para realizar su objetivo se ha visto en la necesidad de solicitar a un crédito con cual comprara hierro, guantes, cables, varias, hierro entre otros. El es una persona que brinda todo su esfuerzo en las actividades que realiza, de modo que pueda sacar a su familia 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 22.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Lorenzo Romulo to buy iron, gloves, cables, and other various items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2011
Listed
Apr 30, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012