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Maria Elena
Doña Maria Elena runs a grocery store out of her home. She started this business 20 years ago, initially selling sweets to children and then little by little reinvesting in her business so that she could sell bulk grains, which is what people buy most. She says that her goal in establishing this business was to find an alternative means of supporting her son. She is currently requesting this loan to buy bulk grains, sweets, canned goods, toilet paper, detergent and soup. She dreams of continuing to expand her business until she has converted to selling bulk goods.
View original language description ↓
Doña Maria Elena se dedica al negocio de una pulpería desde su casa de habitación. Dio inicio a este negocio desde hace 20 años, primeramente vendiendo golosinas para los niños, y poco a poco fue reinvirtiendo en su negocio de tal manera que pudiera vender granos básicos, que es lo que más compra la gente. Ella afirma que su objetivo al establecer este negocio fue buscando una fuente alternativa para brindarle manutención a su hijo. Actualmente está solicitando un este crédito para la compra de granos básicos, golosinas, enlatados, papel higiénico, detergentes y sopas. La señora posee el sueño de seguir creciendo con su negocio hasta convertirlo en una distribuidora.

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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,818,275
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Maria Elena to buy bulk grains, sweets, canned goods, toilet paper, detergent and soup.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012