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Luis Arnulfo
Luís' business is providing a milling service. He has been in this business for more than 22 years. He started on his own initiative and it was very difficult because he didn't have enough capital. However, in spite of this, he requested a loan which would help him to cover his business expenses.

Luís will use this loan to carry out maintenance work on his mills, paint them and also fit out his premises. Luís' dream is to continue growing in his business.
View original language description ↓
Luís tiene su actividad que es brindar el servicio de molino. Tiene más 22 años en su negocio, inicio por cuenta propia que fue muy difícil porque no tenía el capital suficiente, pero a pesar de esto solicito un financiamiento que le ayudara a sufragar los gastos para su actividad. El crédito será utilizado para proporcionarle mantenimiento a los molinos, pintarlos y acondicionar el lugar. El sueño de Luis es seguir creciendo con su negocio.

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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Luis Arnulfo to carry out maintenance work on his mills, paint them and also to fit out his premises.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
Jun 14, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012