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Olga
Olga is 51 years old and has 6 adult sons. She is from the municipality of leon, a place in the west of Nicaragua. Leon is a city that is characterized by cultural heritage as its beloved cathedral. Olga is a very hard worker, that struggle every day to get ahead with her family in spite of the country's crises and adversities.

Her daily routine is to get up every day at 5:00 a.m. to open her small business and to offer her products to her neighbors, whom come to get the breakfast for their small children so the go to classes well eaten. She opens early to attract more clientele and improve the business and her income.

Olga makes a living from her grocery store, which is located in a neighborhood of her municipality. In her grocery store she sells products for the daily consumption such as: (rice, beans, sugar, salt, spices, refreshments, sad, firewood, soap, bread, cow's milk, tooth pastes, among others).

Olga has an extensive record with the institution, she has managed 22 credits in a very responsible manner and has demonstrated good payment ability. In the photo she is displaying products that offer her small business. She needs the loan to buy products and provide a better service to the people of her neighborhood.

Olga is very grateful with Kiva's lenders for giving her the opportunity of this credit and thus be able to have a tool to make a living and to survive in spite of the economic crisis in countries with lack of as is Nicaragua.
View original language description ↓
Olga de 51 años con 6 hijos mayores de edad, es del municipio de leon ,un lugar en el occidente de nicaragua. Leon es una ciudad que se caracteriza por tener patrimonios culturales como su querida catedral. Olga es una persona muy trabajadora, que lucha dia a dia para salir adelante con su familia a pesar de todas las crisis y adversidades propias del pais. su rutina diaria es levantarse todos los dias a las 5:00 de la manana para abrir su pequeno negocio y ofrecer sus productos a sus vecinos, los cuales llegan a buscar lo de la comida diario para mandar a sus pequenos hijos desayunados a clases, ella abre muy temprano el negocio para ganar clientela y mejorar sus ingresos economicos. Olga tiene por actividad económica una pulpería, en un barrio de sus localidad la cual consiste en la venta de productos consumo diario al por menor como: (arroz, frijoles, azúcar, sal, condimentos, refrescos, tiste, leña, jabón, pan, leche de vaca, pastas dental, entre otros.) Olga tiene amplio record con la institución a manejado 22 créditos de una manera muy responsable y ha demostrado tener buena capacidad de pago. En la foto ella esta mostrando productos de los que ofrecen en su pequeno negocio. El financiamiento lo necesita para invertir en la compra de productos para la pulpería y así brindar un mejor servicios a los pobladores de su barrio. Olga se siente muy agradecida con prestatarios kiva por brindarle la oportunidad de este credito y asi poder tener una herramienta de trabaja digna para sobrevivir a pesar de la crisis economica en paises de escosos recursos como es nicaragua.

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

  • $3,636
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $23,820,300
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Olga to supply her small local store and to buy household products of daily consumption.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013