Yesenia is receiving her eleventh loan and promises to submit her payments on time. She does not want to disappoint those who made this loan possible so that she could continue working and making progress. She plans to invest the loan in the purchase of more inventory such as towels, cosmetics, bed sheets, clothing, and shoes in bulk. This will enable her to serve her customers since they request greater variety. In addition, she will have enough merchandise for Mother’s Day.
Fundación Leon 2000This 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).
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Success!! The loan was 100% repaid