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Maria Teresa
Sixty-five year old María Teresa is a mother to five, now grown-up, children. They are aged 34, 40, 42, 44 and 46 years old. They are all independent and María Teresa is a shopkeeper. The small business sells cow's milk, cooked beans and popsicles and is run out of María Teresa's house. She is applying for a loan as she hopes to fix the roof to one of the rooms of her house as it is currently made of wood and has deteriorated a little. She has been wanting to do this renovation for a year now but without the financial means it was impossible. However, with the help of this loan and support from her youngest daughter, she will be able to make this dream a reality. María Teresa plans to buy building materials such as zinc and purlins.
View original language description ↓
María Teresa, es una mujer de 65 años, madre de cinco hijos de 34, 40, 42, 44 y 46 años de edad, todos independientes, es comerciante, tiene un pequeño negocio de venta de leche de vaca, frijoles cocidos y popscicles, estos productos los vende en su casa, ella solicita el crédito porque pretende reparar el techo del área de la sala de su casa, ya que, actualmente, la estructura del techo es de manera y está un poco deteriorado, desde hace un año quería realizar estas mejoras, pero por falta de disponibilidad económica se le había visto imposibilitado, pero con la ayuda del préstamo y el apoyo de su hija menor podrá hacer su sueño realidad, María Teresa planea comprar materiales de construcción como zinc y perlines

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 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.

About Nicaragua

  • $3,636
    Average annual income
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,392,675
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Maria Teresa to buy building materials such as zinc, purlins, cement blocks and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014