Ivania Verónica is a very hardworking, responsible person who has worked with Fundación León 2000 and has shown responsibility and payment solvency. Ivania works as a teacher in a local school. For her, it’s a joy and a satisfaction to work with children and pass on the knowledge she’s acquired during her career as a teacher to form upstanding citizens who will become the future of Nicaragua, a country with so many obstacles for young people.
She needs the financing to add a room at home since everyone currently sleeps in the same room and have no privacy. In fact, her oldest daughter is a young woman now needing her own space and Ivania must provide better living conditions for her children.
These home improvements have been needed for the last two years but she’s been unable to do them for lack of funds which is why she called on a loan to do them. She needs to buy building materials and supplies like metal sheeting, cement, sand, rebar, lime powder, nails, concrete blocks and lumber.
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid