Feliciano Timoteo, age 60, is married and has four grown and independent children. He is from Malpaisillo, which is located in the western area of the country. Feliciano is known for being a hard-working and responsible person. He has demonstrated this with his previous loans, which he repaid on time. He has been a very hard-working man from a very early age. Due to the lack of financial resources, he was not able to go to school.
Thanks to his will to improve, his business activity is buying and selling livestock (cows, bulls, horses) and selling milk. He has been doing this business activity for 11 years. His business is located at his house, and he sells in an itinerant manner.
The objective of the loan is to invest working capital and to buy livestock, which is being sold at a good price. He will do this in order to have better income in the not very distant future. Feliciano is grateful for the help that the Kiva lenders give to people with scarce resources in poor countries like Nicaragua so that they can have the means to earn a decent living.
Feliciano Timoteo de 60 años de edad, casado, con cuatro hijos mayores e independiente. Originario de Malpaisillo lugar que está ubicado en la zona de occidente del país. Feliciano se caracteriza por ser un hombre trabajador, responsable lo cual ha demostrado en sus créditos anteriores en tiempo y forma. Ha sido un hombre muy trabajado desde una edad muy temprana por falta de recursos económico no pudo estudiar.
Gracia a su espíritu de superación tiene por actividad económica la compra y venta de ganado,( vaca, toros, caballos) y la venta de leche desde hace once años que se dedica a dicha actividad. El negocio lo tiene ubicado en su casa de habitación, y de forma ambulante. El objetivo del crédito es invertir en capital de trabajo y comprar un ganado que se lo están ofreciendo a buen precio. Para que en un futuro no muy lejano obtener mejores ingresos. Feliciano agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
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).