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Luis Simeon
Luis Simeón’s business consists in clothing sales. He’s a responsible father; he has three children who are 10, 14 and 18 years of age. He started the business because he suffered losses in his previous business but he learned how to run his present business better. He is asking for the loan to buy t-shirts, skirts, suits, dresses and pants, among others. The obstacle he’s overcome is getting financing because thanks to it he’ll be able to buy raw materials necessary for his business.
View original language description ↓
El Señor Luis Simeón su negocio consiste en la venta de ropa. El es un padre responsable, tiene 3 hijos de 10, 14 y 18 años de edad. El negocio lo inicio porque en su negocio anterior tenia perdidas, pero fue así que el logro aprender a administrar mejor el que tiene actualmente. El financiamiento que solicita es para la compra de camisetas, faldas, trajes, vestidos, pantalones entre otros. El obstáculo que ha vencido ha sido el conseguir financiamiento que gracias a él podrá comprar la materia prima necesaria para su negocio.

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
  • 58
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Luis Simeon to buy clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Aug 31, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012