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Hugo Edilberto
Hugo Edilberto, 43, is married and has two children who are 8 and 9 years of age, both elementary school students who are in his care and attending school. He’s from Somotillo, a place located in the northwest part of the country. Hugo is a very hardworking person. He started the business as an inheritance from his father. He studied and sold alternative medicine and this is how he learned the business. Unfortunately, he was only able to study for three years because of the lack of economic resources at home. He’s currently been working in this business for 22 years. He buys and sells natural (alternative) medicine from place to place and door-to-door. He pays cash for his purchases and sells for cash and on credit in the municipalities in the north of the country. The loan’s objective is to invest in working capital buying natural remedies like: Suelda con Suelda [cream], colon cleanser, sacred bark, flax and fat burner, among others to provide better customer service and improve his income in the near future.
View original language description ↓
Hugo Edilberto a sus 43 años de edad, casado con dos hijos de 8 y 9 años, ambos estudiantes de primaria, los cuales están bajo su responsabilidad estudiando. Él es originario de Somotillo lugar que está ubicado en la zona norte de occidente del país. Hugo es una persona muy trabajadora, este negocio lo inicia por herencia porque su papa estudio y vendió medicina alternativa de esa manera el aprende el negocio lamentablemente el solo logra estudiar 3 años por falta de recursos económico en su hogar, actualmente tiene 22 años de trabajar en este negocio, compra y venta de medicina natural (alternativa) de manera ambulante y domiciliar, el realiza sus compras al contado y sus ventas las realiza al contado y al crédito en municipios del norte del país, el objetivo del crédito es invertir en capital de trabajo en la compra de medicina natural como: suelda con suelda, limpia colon, cascara sagrada, linaza, lumba grasa, entre otros y asi brindar un mejor servicio a sus clientes, y en un futuro cercano aumentar sus ingresos.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Hugo Edilberto to buy alternative natural remedies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 17, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014