Benito, age 46, is single and has four children. He has a jewelry business called “Joyería Granados” where he devotes himself to procuring gold. He sells gold in the form of bracelets, rings, chains, and earrings, among others.
He also has a grinding mill to process mined earth and produce gold. He buys the mined earth by the ton at a mine in his area. He started this business 31 years ago with help from his father. He was the proprietor of another jewelry business where Benito learned the business.
Due to financial problems, he did not continue his education, but he was able to start his own business. He is well known in his area for his business activity.
Benito is requesting this loan to buy gold, silver, and steel. He will also use the loan to improve his machinery. He is grateful to the Kiva lenders for the help they provide to small businesspeople in poor countries like Nicaragua so that they can have a decent way of earning a living.
Benito de 46 años, soltero, padre de 4 hijos, tiene un negocio de joyería de nombre “ JOYERÍA GRANADOS” donde se dedica al acopio de oro, vende oro formado como: pulseras, anillos, cadenas, aretes, entre otros. También es propietario de un molino para procesar tierra de minería y producir oro, compra la tierra en una mina de su localidad por tonelada. Hace 31 años inicio este negocio con ayuda de su papa, el señor era propietario de otra joyería donde aprendió Benito el negocio ya que por problemas económicos no siguió estudiando pero sí pudo iniciar su propio negocio. Él es muy conocido en su zona por su actividad económica. Benito solicita este crédito para compra de oro, platas, acero y mejorar su maquinaria. Agradece a los inversionistas Kiva la ayuda que les brindan a los comerciantes pequeños de países pobres como es Nicaragua para tener un medio digno de vida.
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).