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Isidoro Martin
Isidoro Martin has a business buying and selling salt. He is also a truck driver. He has been in this business for more than 20 years. It has been very difficult for him to cover his household expenses and so he has had to turn to other sources of income. He started working when he was very young, in a saltworks. Over time, he obtained his vehicle with which he goes out every day to sell large bags of salt. He is requesting a loan to buy salt in 100lb amounts so that he can sell it in his truck.
View original language description ↓
Isidoro Martin tiene su negocio que es compra y venta de sal también es transportista. Hace más de 20 años que tiene este negocio, por lo que ha sido muy difícil sufragar los gastos del hogar él ha tenido que recurrir a otros ingresos. Inicio desde muy joven ya que trabajaba en una salinera con el paso del tiempo fue que obtuvo este medio de transporte, por lo que sale todos los días a ofrecer grandes cantidades de bolsas de sal. El crédito que está solicitando es para la compra de sal por quintal para ofrecerla con su camión.

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
  • 122
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Isidoro Martin to buy salt by the 100lb bag.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2011
Listed
Jul 7, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014