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Luis Alberto
View original language description ↓
Mr. G. is a client of LEON 2000 who has already received 4 loans and with this opportunity he will he will increase the products that he offers to give his community better service. When he received his first loan he sold general merchandise in a limited way and with the loan he was able to expand his business and to establish a grocery store in his home.

Translated from Spanish by a Kiva volunteer.


El sr. G. es un cliente deLEON 2000 que ha sido financiado anteriormente con 4 prestamos y en esta oportunidad el ampliara la oferta de productos para brindar un mejor servicio a la comunidad, en su primer credito el tenia la venta de mercaderia en general de forma limitada y ha logrado ampliar su negocio asi como establecer en su casa un negocio de pulperia

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
  • 18.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Luis Alberto purchase of basic grains and cosmetics.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 5, 2008
Listed
Jun 1, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009