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Maria Cristina
Maria Cristina, 67, is the owner of a bakery located in her home. Maria started this business more than 21 years ago. Her mother used to do the same thing at home and it has grown from the moment it started. Over time, Maria decided to take charge of the business. For this reason she needs a loan to buy flour, eggs, butter, milk and other things. Her goal for the future is to have her own store space so that her home will be more comfortable.
View original language description ↓
Maria Cristina de 67 años, es la propietaria de un negocio de panadería, que está ubicada en su vivienda. Maria inició su negocio desde hace más de 21 años, cuando su Mama se dedicaba anteriormente a esta actividad en el hogar y desde ese momento ha crecido, fue con el paso del tiempo que Maria decide hacerse cargo del establecimiento. Esta es la razón por la cual acude al crédito con el cual comprará de harina, huevo, mantequilla, leche entre otros. Su meta más adelante es tener un local propio para lograr una mejor comodidad en su hogar.

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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,731,150
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria Cristina to buy flour, eggs, butter and milk, among other things.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2011
Listed
Jul 14, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012