Pedro Antonio, 37, is married and has two children, ages 14 and 8. He is from the town of Sauce. Sauce is a place located in the northern part of the country, which is characterized as a milk-producing zone.
To support him economically, he has a small grocery store located in his home. This business arose as a necessity to obtain more income to support his family, because the salary that he accrues as head of the household is very low, and it was not allowing him to offer his children security and economic stability.
A small grocery store is a store where products for daily consumption are sold in small quantities, such as: rice, beans, sugar, oil, bags of coffee, packages of tomato sauce, and boxes of matches.
He needs financing to be able to invest in working capital, stock his small grocery store, and offer better attention to his clients. Pedro Antonio appreciates the help that the Kiva investors offer to people with few resources and poor countries such as Nicaragua, by providing a means of dignified work.
Pedro Antonio de 37 anos de edad, casado con dos hijos de 14,8 anos. Del municipio de Sauce. EL Sauce e un lugar ubicado en la parte norte del pais , el cual se caracteriz por una zona productora de leche.Tiene por actividad económica una pulpería ubicada en su casa de habitación. Negocio que surgió como una necesidad obtener mas ingresos para mantener a su familia, porque el salario que el devenga como maestro de su localidad es muy bajo y no le permitía brindarle a sus hijos seguridad y estabilidad económica. Una pulpería es una tienda donde vende productos de consumo diario y en cantidades pequeña como: arroz, frijoles, azúcar, aceité, bolsitas de café, bolsitas de salsa de tomate, caja de fósforos. El financiamiento lo necesita para invertir en capital de trabajo y surtir su pequeña pulpería y brindarle mejor atención a su cliente. Pedro Antonio agradece la ayuda que le brindan los inversionistas kiva personas de escasos recursos y países pobre como es Nicaragua facilitándole un medio de trabajo digno.
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).
A loan of $650 helped Pedro Antonio to invest in working capital and stock his grocery store with products such as rice, beans, sugar, oil, bags of coffee, packages of tomato sauce, and boxes of matches.