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Maria Teresa
María Teresa, 56, has a grocery store. She started the business because she needed to earn higher income. One of the challenges María overcame was when her husband died she had to continue her efforts alone. She has to rise very early every day. She works from 7am until 10pm. Her dreams are to improve the business and to do some home improvements. The loan is to buy snacks, basic grains, soups, detergent, milk and natural beverages.
View original language description ↓
María Teresa tiene 56 años. Su actividad es una pulpería, su negocio lo inicio como una necesidad de obtener mayores ingresos, uno de los desafíos que maría atravesó fue cuando su esposa falleció y tuvo que salir sola con su esfuerzo. Ella tiene que levantarse temprano todos los días desde las siete de la mañana hasta las diez de la noche, sus sueños son mejorar su negocio y realizarle mejoras a su vivienda. El financiamiento es para la compra de golosina, granos básicos, sopas, detergente, leche y refrescos naturales.

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

  • $3,636
    Average annual income
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,397,050
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Maria Teresa to buy stock merchandise for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 16, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012