Maria Elena has been working with Fundacion 2000 since 2005. She is married and has two grown-up children who no longer need her support. Her first loan of 3000 cordobas was used to purchase cosmetics and clothing.
The loans that she has received in the past have resulted in better living conditions for Maria Elena and her husband: they were able to fix-up their home and to purchase home appliances.
This time Maria Elena is requesting a loan of $375 dollars (7,000 cordobas) to use as working capital.
Her living conditions and payback guarantees have improved, as her husband also works repairing watches and both contribute to the household expenses.
Translated from Spanish by Maria B., Kiva volunteer
La señora trabaja con fundacion 2000, desde al año 2005, habiendo iniciado con un capital de C$ 3000. córdobas, para comprar mercaderia variada como cosmeticos, ropa, es casada tiene dos hijos que no dependen de ella ya son mayores de edad, vive en casa propia.
Con los prestamos otorgados ella ha mejorado sus condiciones de vida ya que ha compuesto su casa, así como tambien a comprado electrodomesticos en la actualidad maneja un credito por C$ 7,000.00 córdobas, para capital de trabajo.
Sus condicones de vida así como sus garantias se han reforzado, su esposo se dedica a la reparacion de reloj de pulso, donde éste le ayuda con los gastos del hogar que basicamente es para los dos ya que no tiene hijos menores.
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).