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Luis
Luis is 63, married, and has an independent 28-year-old son. Luis has a small grocery store in his home, where he sells staple items and household goods. His wife manages the store because he teaches at two high schools. He started the business with his savings, and it is stable. He will use the loan to buy more inventory for his store so that he can offer customers better service and a variety of items at affordable prices. One of his goals is to expand and finance his business.
View original language description ↓
Luis tiene sesenta y tres años de edad, casado, tiene un hijo de 28 años de edad, completamente independiente, tiene una pulpería en las instalaciones de su casa desde hace 28 años, donde comercializa granos básicos y productos para el consumo del hogar, y que es administrado por su esposa, ya que él trabaja como docente en dos colegios, el pequeño negocio lo inicio con ahorros propios, siendo ahora un negocio con mucha estabilidad, el objetivo del préstamo es invertir en más mercadería para surtir la pulpería como: y así dar un mejor servicio a su clientela ofreciéndole productos variados y a precios accesibles, una de sus metas es extender y capitalizar 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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Luis to have working capital to stock his business with groceries such as rice, beans, bread, milk, salt, matches, cigarettes, juices, sodas, and more.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014