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Maria Teresa
María Teresa is 42 years old and single with two young children who study. She sells salt, and has had the business for 11 years. She started her business by necessity to earn profits. She sells on a street market. She wants the loan to invest in working capital to satisfy the demands of her customers.
View original language description ↓
María Teresa, de 42 años de edad, soltera con dos hijos menores de edad que estudian, tiene por actividad la venta de sal, para la comercialización, tiempo de tener el negocio 11 años, la cual inicio por la necesidad de tener un ingresos, la cual distribuye de forma ambulante, el financiamiento lo quiere para invertir en capital de trabajo para 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
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Maria Teresa to buy work material in bulk in order to distribute them at a better price.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014