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Mercedes
Mercedes runs a small grocery store from her home. She has four children, two of which are her dependents. She started this business ten years ago, mainly selling candy for children. Little by little, she reinvested in her business in such a way that she was able to sell staple grains, which is what people buy the most. She asserts that her goal in starting this business was to find an alternative resource to be able to take care of her children. Nevertheless, this business has done a great deal to help them get ahead, since her children can have the opportunity to go to school. She is currently asking for a loan to buy merchandise. She wants to invest mainly in basic grains, candy, juice, cookies, bread, and soft drinks.
View original language description ↓
Doña Mercedes se dedica al negocio de una pulpería desde su casa de habitación. Tiene 4 hijos los cuales 2 dependen de ella. Dio inicio a este negocio desde hace 10 años, inicio 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 sus hijos, sin embargo este negocio les ha servido muchísimo para salir adelante, ya que sus hijos pueden tener la oportunidad de estudiar. Actualmente está solicitando un este crédito para la compra de mercancías principalmente desea invertir en los granos básicos, golosinas, jugos, galletas, pan y gaseosas.

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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mercedes to buy staple grains, candy, juice, cookies, bread, and soft drinks.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2011
Listed
Sep 11, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012