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Michael Uriel
Michael Uriel, 29, is married and lives in the department of Chinandega with his 2 children: aged 5 and 2. He is a native of the municipality of Villa Nueva, where his main economic activity is selling cattle. He has been buying and selling cattle for 8 years. He makes his sales from place to place. Michael is a responsible person who has already worked with the Fundacion, taking previous loans where he demonstrated responsibility with his payments.

Michael Uriel's routine is to go out to the outlying regions to buy live cattle to later sell to his regular customers and to others. He is requesting a loan to invest in working capital so that he can satisfy the demands of his customers and obtain better earnings. Michael appreciates the help that the Kiva lenders are providing to people of limited resources in poor countries like Nicaragua, so that they can have a decent standard of living.
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Michael Uriel de 29 años de edad, casada del departamento de Chinandega con dos hijos de 5,2 años. Originario del municipio de Villa nueva donde su mayor actividad económica es comercialización de ganado, el tiene por actividad económica la compra y venta de ganado, desde hace 8 años que desempeña dicha actividad. El negocio lo realiza de forma ambulante. Michael es una persona responsable, el ya ha trabajado con fundación en créditos anteriores lo cual ha demostrado su responsabilidad con los pagos. La rutina de Michael Uriel es salir a las comarcas aledañas a comprar ganado en pie para su posterior venta a sus clientes fijos y eventuales. El está solicitando el financiamiento para invertir en capital de trabajo y de dicha forma poder satisfacer la demanda de sus clientes y obtener mejores ingresos. Michael agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de vida digno.

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
  • 100
    View loans »
    Nicaragua Loans Fundraising
  • $23,742,975
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $700 helped Michael Uriel to buy and sell cattle.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Oct 13, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014