Check out some available loans that are similar to this one!
Benigno Ricardo
Benigno Ricardo is 51 years old, is single, and owns a leather footwear shop where he makes a variety of shoes, including sandals, orthopedic shoes, and other designs that his customers suggest. In his shop he also offers shoe repair services. Benigno has been experimenting with this business for 30 years, starting with shoe polishing and small shoe repairs. Later, he had the idea to begin making shoes himself. With much effort and dedication this part of his business has been growing (in terms of customers and completed products).

To make these things, he has special machines such as an emery and two industrial machines. He buys using cash and sells by accepting cash and credit. He is asking for a loan to acquire more working capital and in this way improve his service and the satisfaction of his customers.
View original language description ↓
Benigno Ricardo de 51 años de edad, soltero, es propietario de un taller de calzados de cuero, donde este elabora variedad de zapatos como son: sandalias, zapatos ortopédicos, entre otros diseños que sugieren sus clientes, ahí mismo brinda también el servicio de reparación de calzado, tiene treinta años de experimentar en su negocio, don Benigno empezó con una caja de lustrar y pequeñas reparaciones de zapatos, luego emprendió la idea de fabricar el mismo el calzado, que con mucho empeño y dedicación ha ido creciendo, tanto en clientes, como en productos terminados, para la elaboración de estos cuenta con maquinarias especiales como es el esmeril, y dos maquina industriales,compra de contado y vende de contado y credito. Está solicitando prestamo para capital de trabajo, asì mejorar el servicio y satisfaccion a sus clientes.

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

  • $4,800
    Average annual income
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Benigno Ricardo improve his service and satisfy his customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2013
Listed
May 11, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014