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Maria Elena
María Elena makes sweets. She needs the loan to buy sugar, containers, milk, cheese, butter, coconut and chicken. This is her source of income to pay expenses. She lives in Candelaria but María has to go out daily to sell her sweets. She has two adult children who work independently. María is very satisfied with the loans she obtained previously because she was able to improve production of her products.
View original language description ↓
La señora Maria Elena se dedica a la elaboración de de dulces. El crédito lo requiere para la compra de azúcar, envases, leche, queso, mantequilla, coco y pollo. Es la fuente de ingresos que tiene para cubrir sus gastos. Vive en el reparto candelaria, pero Maria tiene que salir todos los días de manera ambulantes para ofrecer sus dulces. Tiene dos hijos que son mayores de edad y trabajan de manera independiente. Maria se encuentra muy satisfecha con los créditos que obtuvo anteriormente ya que pudo mejorar la producción de sus productos.

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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,831,575
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Maria Elena to buy sugar, containers, milk, cheese, butter, coconut and chicken.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2011
Listed
Jul 14, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012