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Maximo Ubense
Máximo Ubense is 37 years old and his business is a small grocery. This business has become his principal source of income. He started with a small candy store and with time has been able to get ahead. This is not his first time utilizing a loan, which has been very helpful. Currently he is continuing with his grocery, as it is his only means of making a living and he has a son to provide for. This loan is to be invested in the purchase of staple grains, milk, sweets, sodas and juices.
View original language description ↓
Máximo Ubense tiene 37 años su actividad es una pulpería. Este negocio surgió como su principal fuente de ingresos. El comenzó con una pequeña ventas de caramelos, ha sido con el paso del tiempo que ha salido adelante. Esta no es la primera vez que realiza financiamientos, por lo que han sido de buena ayuda. Actualmente sigue adelante con este negocio pues es el único medio de vida que posee, pues tiene que cuidar de su hijo. El financiamiento es para invertir en la compra de granos básicos, leches, golosinas, refrescos y jugos.

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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Maximo Ubense to purchase staple grains, milk, sweets, soda and juices.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2011
Listed
Jul 11, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012