Miguel Ángel, 55, is married with five grown children. His work is a carpentry shop located in his mother's house. The business consists of making furniture such as commercial beds, sets of chairs, office furniture, wardrobes, dining room sets, bureaus, cradles, and other items. He began the business 18 years ago because it is the trade he learned to survive.
The goal of the loan is to buy raw materials such as wood to make furniture to offer better customer service.
Miguel Ángel de 55 años de edad, casado, con 5 hijos todos mayores de edad, tiene por actividad una carpintería ubicada en la casa de la mama de Miguel ángel, el negocio consisten en la elaboración de muebles como: camas comerciales, juegos de sillas, muebles de oficina, roperos, comedores, cómodas, cunas, entre otros. Actividad que inicie desde hace 18 años, ya que es el oficio que aprendí para sobrevivir, el objetivo del préstamo es la compra de materia prima como madera para la elaboración de los muebles para ofrecer un mejor servicio al cliente.
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).