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Servio
Servio has a grocery store in his home. He is always seeking ways to generate income for his family. He makes his purchases on a cash basis at the market and from delivery trucks, since the prices there are lower and so his profits will be higher. He sells his products on a cash and credit basis. He is requesting a new loan to invest in his business. He will use the loan to buy candies, soft drinks, staple grains and juices, which will allow him to generate more income.
View original language description ↓
Servio se dedica a una pulpería ubicada en su casa de habitación. Pues siempre está buscando la forma de generar ingresos para su familia. Realiza sus compras de contado en el mercado y a camiones repartidores, ya que los precios son más baratos y le generan más ingresos, sus ventas las efectúa de contado y al crédito. Esta solicitando un nuevo financiamiento para invertirlo en su negocio, para la compra de golosinas, refrescos, granos básicos y jugos el cual está generando ingresos favorables.

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

  • $3,636
    Average annual income
  • 120
    View loans »
    Nicaragua Loans Fundraising
  • $24,405,100
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Servio to buy candies, soft drinks, staple grains and juices.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 14, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012