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Luis Esteban
Luis Estaban is 55 years old, and works as a security guard. He has been employed for several years in one of the enterprises near where he lives. Luis has his own home and he wishes to make some improvement but due to the lack of money he hasn't been able to do so. Consequently, Luis is requesting a loan to pay for these home improvements, thus offering his family greater comfort. With the loan he will purchase cement, sand, gravel, and other construction materials.
View original language description ↓
Luis Esteban tiene 55 años de edad, el trabaja como guarda de seguridad ya tiene años de estar trabajando en una de las empresas de la localidad donde habita. Luis tiene una vivienda donde le quiere realizar algunas mejoras pero por falta de dinero no se las habías realizados, por tanto está solicitando financiamiento para realizar las mejoras a su vivienda y brindarle a su familia una mejor comodidad, con el crédito comprara Cemento, arena, piedrín y otros materiales de construcción.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 120
    View loans »
    Nicaragua Loans Fundraising
  • $24,405,100
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Luis Esteban buy cement, sand, gravel, and other construction materials for home improvement.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
Possible
Ended:
May 22, 2013