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Teodoro Armando
Teodoro Armando is 43 years old with three adult children. He sells basic grains and repairs shoes. He has 4 years of experience in this business. His business is located in the local marketplace. The business consists in the sale of basic staples such as rice, beans, corn, cereals, sugar, oil, soap, and detergent, among others.

Teodoro Armando has always been characterized as being a responsible, hard working person with sound payment. Today he is asking the loan to invest in working capital and to obtain more profits from his sales, and to satisfy the demand of his clients.
View original language description ↓
Teodoro Armando de 43 años de edad, con tres hijos mayores de edad, tiene por actividad económica la venta de granos básico y servicio de reparación de zapatos, tiene 4 años de experiencia en el negocio, el cual lo tiene ubicado en el mercado de su localidad, el negocio consiste en la vetan de granos básicos como: arroz, frijoles, maíz, cereales, azúcar, aceite, jabón, detergentes, entre otros. Teodoro Armando siempre se ha caracterizado por ser una persona responsable, trabajadora, con solvencia de pago, en la actualidad está solicitando el financiamiento para invertir en capital de trabajo y obtener más ingresos de sus ventas, y satisfacer la demanda de sus clientes.

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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $24,771,875
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Teodoro Armando to purchase rice, beans, corn, cereals, sugar, oil, soap, and detergent, among others.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2012
Listed
Aug 19, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013