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Mercedes Isabel
Mercedes Isabel is a 45-year-old woman. She is single and a mother of two children who are 22 and 27 years old. The older one is independent and the younger one is a college student. Mercedes has been an elementary school teacher at a school close to her home for five years.

She is requesting a loan because she wishes to make improvements to her house such as changing the roof since the current one is in bad condition. This is a project that she has wanted to complete for a year but she had not completed the improvements due to a lack of funds. Workers in the education field aren't paid very well.

With the loan, she plans to buy sheet metal, support beams, and other construction materials. Among Mercedes' goals is to continue making improvements on her house.
View original language description ↓
Mercedes Isabel, es una mujer de 45 años de edad, soltera y madre de dos hijos de 22 y 27 años de edad, el mayor independiente y la menor es estudiante universitaria, Mercedes es docente de educación primaria de un centro escolar cercano a su hogar desde hace cinco años y solicita el crédito porque desea realizar mejoras en su vivienda tales como cambio de techo ya que este se encuentra en malas condiciones, proyecto que deseaba realizar dese hace un año, pero no las había realizado por falta de disponibilidad económica, ya que los trabajadores del sector educación no son muy bien remunerados, con el crédito planea comprar zinc, perlines entre otros materiales de construcción. Dentro de las metas de mercedes esta seguir realizando mejoras en su vivienda

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

  • $4,800
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,250 helped Mercedes Isabel to buy sheet metal and support beams, among other things.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014