Check out some available loans that are similar to this one!
Elba Luz
Elba Luz is 38 years old. She is married and has two children, aged 11 and 5. She is from the department of León, located in the western part of the country. León is a place with kind people and is a university town, with the oldest and most prestigious university in the country. Elba Luz' economic activity is selling merchandise such as pants, shirts, shorts, skirts, t-shirts, pajamas, bedclothes, and underwear. He has done this actiivty for 10 years. Elba's daily routine is to work around 10 hours a day, offering her merchandise door to door. She carries a load of around 20 kg. to offer her merchandise to regular and incidental customers. She has worked with the Fundación León 2000 already and has shown herself to be responsible and punctual in her payments. She is asking for the loan to invest in working capital and stock merchandise to take advantage of the season. The holidays are coming soon and Christmas festivals when people buy clothes to look good on different occasions. Elba Luz is grateful for the help from the Kiva investors for low income people in poor countries such as Nicaragua, so they can have a way to have dignified work.
View original language description ↓
Elba Luz de 38 anos de edad, casada con dos hijos menores de edad de 11 y 5 anos. Ella es originaria del departamento de león, lugar que esta ubicado en la zona de occidente del país. León es un lugar con gente muy acogedora y se caracteriza por ser una ciudad universitaria, donde se encuentra las más antigua y prestigiosa universidad del país. Elba luz tiene por actividad económica la venta de mercadería la cual consiste en vender ropa como pantalones, camisas, short, faldas, camisetas, pijamas, ropa de cama, ropa interior. La actividad la desempeña desde hace 10 anos. La rutina diaria de Elba es trabajar unas 10 horas diaria ofreciendo su mercadería de forma ambulante donde tiene que cargar un bulto de unos 20 kg diariamente para ofrecer su mercadería a clientes fijos y eventuales. Ella ya ha trabajado con fundación león 2000 y ha demostrado ser responsable en sus pagos en tiempo y forma. El préstamo lo esta solicitando para invertir en capital de trabajo y surtir su mercadería y aprovechar la temporada ya que se acercan las fechas festivas como son las promociones y navidad donde la gente compra ropa para estrenarse en esas diferentes ocasiones. Elba Luz 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 trabajo 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
  • 113
    View loans »
    Nicaragua Loans Fundraising
  • $23,732,625
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Elba Luz to invest working capital in stocking her business of buying and selling clothes such as pants, shirts, shorts, skirts, pajamas, bedclothes, and underwear.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 27, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013