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Jorge Luis
Jorge Luis, 30, is single. He makes his living driving a taxi. He is applying for a loan because he wants to make improvements to his house. He wants to build a wall, he says, but hasn't had the money to pay for it. He will use the loan to buy the construction materials he needs--cement, iron bar, roofing, sand, cement blocks, nails, etc.--to carry out the improvements.
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Jorge Luís, de 30 años de edad, soltero, tiene por actividad taxista, el financiamiento lo quiere para realizar mejoras de su casa las cuales consisten en levantar una tapia divisora, las cuales no había podido hacerlas por falta de recursos económicos, el financiamiento lo quiere para comprar material de construcción como: cemento, hierro, zinc, cal, arena, bloques, alambre, clavos entre otros.

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
  • $23,624,275
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Jorge Luis to buy supplies for house improvement project.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Aug 18, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013