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Fredi Enrique
Fredi Enrique, 68, is a widower. His occupation is providing lodgings. He has a 10 bedroom unit located in his own house available for the public. What gives him an edge is that it is a location with very heavy customer traffic.

He intends to use the investment to furnish two rooms. He will buy mattresses, building materials and paint, among others. He has experience in running his business and wants to generate profits to improve his standard of living and to continue investing.
View original language description ↓
Fredi Enrique tiene 68 años, el es viudo. Su actividad es brindar el servicio de hospedaje. En su propia casa está ubicado el local en donde ofrece 10 habitaciones, disponibles al público y lo que le brinda ventaja es que es un lugar muy transitado por clientes. El pretende realizar con la inversión es acondicionar dos cuartos, comprar colchones, materiales de construcción, pintura entre otros. El cuenta con la experiencia y manejo de su negocio él quiere generar ganancias para mejorar su nivel de vida y seguir invirtiendo.

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Fredi Enrique to buy matresses, building materials and paint, among others.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
May 21, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012