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Maria Teresa
View original language description ↓
The young Ms. S. has obtained six loans with Fundación Leon over the past four years. She has invested this capital to buy merchandise for her mobile stand. She started by selling bread and soft drinks and with much effort she has improved her small business and also managed to put herslf through law school.


Ms. S. lives with her husband in her mother's house.

Translated from Spanish by Nathan, Kiva Volunteer.



La joven S. trabaja con nuestra institución desde hace unos cuatro años obteniendo seis creditos los que ha invertido en la compra de mercaderia en general, cuando empezo a trabajar ella vendia pan y fresco con esfuerzo a logrado cambiar de negocio y se graduo de abogado recientemente es una joven emprendedora es casada y vive con su esposo en la casa de su madre.

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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Maria Teresa buy merchandise for her mobile stand.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 20, 2008
Listed
May 4, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2008