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Santos Medardo
33-year-old Santos Medardo who is married with children aged 12 and 13 is from Chinandega, a place that is located in the occidental area. It is known for being a productive commercial zone. Unfortunately, due to a lack of financial resources, Santos was not able to get a degree, though he would have liked to study to be a systems engineer.
Thanks to his entrepreneurial spirit and his desire to get ahead, Santos provides a taxi service. He has been doing this activity for 14 years in order to provide financial stability for his children and to be able to give them the conditions to raise them well in life and for them to be good people. It was with a lot of effort that he managed to buy his taxi. Now, he needs the loan to invest in working capital and to provide maintenance to his taxi like buying tires, oil and a spare that it needs, in order to provide a better service and obtain greater income. In the not-so-distant future, his dream is to buy a piece of land and be able to give his children a place where they can live with dignity. Santos Medardo is grateful for the help that the Kiva investors provide to people with scarce resources and to poor countries like Nicaragua in order to have a decent means of work.
View original language description ↓
Santos Medardo de 33 años, casado con dos hijos menores de edad de 12,13 años, es originario de Chinandega, lugar que está ubicado en la zona de occidente. Lugar que se destaca por ser una zona comercial productiva. Lamentablemente por falta de recursos económico Santos no pudo cursar una carrera, pero le hubiera gustado ser ingeniero en sistema.
Gracias a su espíritu de emprendedor y sus ganas de salir adelante, santos se dedica a brindar servicio de taxi, desde hace 14 años que se dedica dicha actividad, para brindarle estabilidad económica a sus hijos, y poder proporcionarles condiciones para formarlos en la vida y que sean personas de bien. Con mucho esfuerzo logro pagar su unidad de taxi. En la actualidad necesita el crédito para invertir en capital de trabajo y darle mantenimiento a su unidad de taxi, como comprar llantas, aceite, y repuesto que necesita, para brindar un mejor servicios y obtener mejores ingresos. En un futuro no muy lejano su sueño es compra un terrero y poder darles a sus hijos un lugar propio donde vivir dignamente. Santos Medardo agradece la ayuda que los inversionistas kiva les brindan 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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,043,075
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Santos Medardo to invest in working capital and to provide maintenance to his taxi like buying tires, oil and a spare that it needs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014