Terencio de Jesus, 38, is married and has 3 young children. He has had a business offering power sawing services for 16 years and he markets himself to different timber merchants as an itinerant worker. With time he has been able to create fixed and temporary clientele. He wants the loan to buy another power saw as his demand has increased and what he has is not enough.
Terencio de Jesús de 38 años de edad, casado con 3 hijos menores de edad, tiene por actividad económica el servicio de motosierra, el tiempo de tener el negocio 16 años, el servicio lo vende a los diferentes madereros de forma ambulante y con el tiempo ha podido tener clientes fijos y eventuales, el financiamiento lo quiere para comprar otro motosierra ya que su demanda ha crecido y no se da abasto con la que tiene.
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).