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Pedro Antonio
Pedro Antonio, 53, is a merchant with three adult children. He is requesting a loan to renovate his house by adding on a room. For four years he has been wanting to carry out improvements but was lacking the capital to do so. With the loans he has received from the Fundación León 2000 he has demonstrated that his economic situation has changed and made gradual home improvements, which was one of his major goals. He plans to use the loan to buy construction materials such as cement, limewater, iron, wood, wire, nails and other materials.
View original language description ↓
Pedro Antonio de 53 años de edad de actividad comerciante, con tres hijos mayores de edad, está solicitando el crédito para las mejoras de vivienda, ya que quiere realizar la construcción de un cuarto, desde hace cuatro años quiere realizar las mejoras pero por falta de capital no la había podido construir. a través de los prestamos que ha recibido de fundación león 2000 el ha demostrado que su situación económica ha cambiando ya que ha mejorado poco a poco la casa ya que ha sido uno de sus mayores sueños, el financiamiento lo invertirá en la compra de material para construcción como: cemento, cal, hierro, madera, alambre, clavos, entre otros materiales.

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
  • 67
    View loans »
    Nicaragua Loans Fundraising
  • $23,505,525
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $525 helped Pedro Antonio to buy cement, limewater, iron, wood, wire, nails and other materials.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014