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Juan Alberto
View original language description ↓
Señor Juan Alberto P. D. has been our client for ten years now, and it’s worth noting that he started in a credit group but later switched to individual loans, receiving 11 since. Juan has four sons, all in elementary school, and his wife works to help pay the bills.


His business is a bicycle shop, which he first started in his father’s house and it was really small. He has reinvested in his business, built his own house, moved the business into his house and now even sells bicycles. He has improved conditions for his family and now has two employees. With the current loan he plans to improve his inventory of bicycle parts.

Translated from Spanish by Nathan, Kiva volunteer.


Elseñor Juan Alberto P. D. es cliente de nuetra institución desde hace unos diez años cabe destacar que el inicio con nosotros en credito de grupo solidario y luego se individualizo donde lleva once creditos hasta el momento, el es acompañado con cuatro hijos todos menores de edad y en educacion primaria, su compañera de vida trabaja y conribuye con los gastos familiares. Su negocio es un taller de bisicleta el que empezo en casa de su papa en este momento era bien pequeño, ha logrado capitalizar el negocio, construyo su casa propia, traslado el negocio a su casa y ahora hasta vende bisicletas ha mejorado las condiciones de vida de su familia con el credito actual mejorar su inventario de repuestos actualmente trabajan dos personas en su negocio.

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

  • $4,800
    Average annual income
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Juan Alberto to invest in spare parts, tires and frames for his bicycle shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 7, 2008
Listed
May 23, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009