Isabel is fifty-five years old, married and a mother of three children ages twenty-nine, twenty-seven and twenty-five, all of whom are independent. She is actively working at the Ministry of Education, carrying out her duties as a janitor for the last thirteen years. With time, she has succeeded in making improvements to her home, but she is requesting a new loan with the objective of constructing a new room and a bathroom. Since she succeeded in acquiring the property, she has wanted to make these changes, but was prevented by the lack of economic resources. In order to complete the work, she will buy blocks, cement, iron, a porcelain toilet, and other construction materials. Her greatest desire up to this moment is to finish making the improvements to her house in order to have a better quality of life.
Isabel tiene cincuenta y cinco años de edad, es casada y madre de tres hijos de 29, 27 y 25 años de edad, todos independientes; es trabajadora activa del Ministerio de educación desempeñando el cargo de conserje desde hace trece años, con el tiempo ha logrado realizar mejoras en su hogar, pero solicita un nuevo crédito con el objetivo de construir un nuevo cuarto y un baño, desde que logro adquirir la propiedad había querido hacer esos cambios pero se vio imposibilitada por la falta de recursos económicos, para llevar a cabo la obra comprara bloques, cemento, hierro, inodoro de china, entre otros materiales de construcción, su mayor deseo hasta el momento es terminar de realizar mejoras en su casa para tener una mejor calidad de vida.
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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.