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Carlos Martin
Carlos Martin is 39 years old and married with five children who he is responsible for since they all study. This businessman's economic activity is milling and sowing sugarcane in his town. The business, which he has had for 16 years, is located in his home. This entrepreneur is characterized as a man who is hard-working, responsible, with the personal will to overcome, since that is the way he has proposed to fulfill his objectives and goals in the future. The goal of the loans is to acquire a more powerful electric motor for the mill to provide better service and be able to consume less energy and lower his electricity costs.
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Carlos Martin de 39 años de edad, casado, con cinco hijos todos bajo su responsabilidad ya todos estudian, este emprendedor tiene por actividad economica molino y siembre de caña de azucar en su localidad, tiempo de tener el negocio 16 años, el cual lo tiene ubicado en su casa de habitacion este emprendedor se ha caracterizado por ser un hombre, trabajador, responsable, con ganas de superacion personal, ya que dicha forma se ha propuesto cumplir su objectivo y metas en un futuro, el objectivo del prestamos es adquirir un motor eletrico para el molino de mayor potencia para brindar un mejor servicio y poder consumir menos energia y bajar sus costos de energia eletrica

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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Carlos Martin to buy a more powerful electric motor for the mill to provide better service.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Jul 28, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014