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Olga Elena
Olga is 32 years old, married and has a 6-year-old son. She is a native of Leon, which is located in the western part of Nicaragua. In her free time she likes to spend quality time with her son. Sadly for Olga, she wasn't able to go for a college degree because of a lack of economic resources, but she would really like to study social work. Thanks to her hard work and her desire to move up in life she has a business selling general merchandise like cosmetics, perfumes, pants, shorts, dresses, underwear and garments of gold and silver. She sells on the street and at her home and has regular customers. She enjoys her work because it has supported herself and her family. She plans to use the loan to invest in working capital and to stock her business with merchandise so in the not-too-distant future she will earn more income. Olga is grateful for the help Kiva lenders provide to people with few resources in poor countries like Nicaragua so they have a means to a decent living.
View original language description ↓
Olga Elena de 32 años de edad, casada con un hijo menor de seis anos, originaria del departamento de León, lugar que está ubicado en la zona de occidente del país, en sus ratos libres le gusta pasar tiempo de calidad con su hijo. Lamentablemente para Olga no pudo cursar una carrera universitaria por falta de recursos económica, pero le hubiera gustado mucho estudiar trabajo social.
Gracias a su esfuerzo y ganas de superación personal es que tiene por actividad la venta de mercadería en general como cosméticos, perfumes, pantalones, short, vestidos, ropa interior prenda de oro y plata. Actividad que la desempeña de forma ambulante y en su casa de habitación. Ofreciendo a sus clientes fijos y eventuales. Actividad que la desempeña con mucho gusto, ya que ha sido su forma de vida y la de su familia. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de mercadería. Para que en un futuro no muy lejano obtener mejores ingresos. Olga Elena agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

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

  • $3,636
    Average annual income
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Olga Elena to purchase cosmetics, perfumes, pants, shorts, dress and underwear.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2013
Listed
Feb 6, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013