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Santiago
Santiago is 52 years old and lives with his wife in their own home. They have four children, but only two are still under their care. Santiago has a business making pastries and desserts. He has been in operation for more than 10 years. When he was not able to continue working, Santiago decided to start this business with his wife. He approached Fundación León 2000 so that he could make friends through the organization who could provide him the necessary support.


The loan he is requesting will be used as operating capital for buying sugar, flour, eggs, oil, and firewood.

View original language description ↓
Santiago tiene 52 años, vive en su casa de habitación con su esposa. Tiene 4 hijos y solamente 2 están bajo su cargo. Su actividad económica es la elaboración de pasteles y repostería. Hace más de 10 años que se dedica a este negocio. Por lo que inicio esta actividad cuando no pudo seguir trabajando porque lo corrieron entonces decide iniciar esta actividad con su esposa. Es así como recurre a Fundación León 2000 ya que por medio ella las organizaciones amigas dan el apoyo necesario y solicita el financiamiento para capital de trabajo para azúcar, harina, huevo, aceite, leña.

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
  • 61
    View loans »
    Nicaragua Loans Fundraising
  • $23,421,675
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Santiago to purchase sugar, flour, eggs, oil, and firewood.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2011
Listed
Jun 19, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012