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Osillas Santiago
Osillas Santiago is an older married gentleman with six children. He lives in Chinandega, an area that produces a lot of rum, sugar and stores, among other businesses. Osillas is a man who has struggled from a very young age because he came from a very humble family. Because he was one of the older children out of his siblings, he had to leave the house and work so that his youngest siblings would be able to go to school. As a result, he only finished primary school where he learned to read and write. Little by little he has improved his life and today he has his own home where he lives with his family. With the loans he obtained he was able to complete a part of his home. However, now he needs to complete the construction of a front porch that is incomplete and open because he lacks the construction materials. This project will also complete a portion of the perimeter of his home. Osillas is seeking this loan to buy construction materials including cement, iron, bricks, zinc, rafters, and tiles, among other items.
View original language description ↓
Osillas Santiago mayor de edad casado con seis hijos, del docimicilio de Chinandega, zona muy productiva en el ron, azucar, comercicios entre otros mas, Osillas es un hombre que3 ha luchado desde muy temprana edad ya que viene de una familia muy humilde siendo el uno de los mayores de sus hermanos, el cual tuvo que salir a trabajar para que sus hermanos pequeños pudieran estudiar quedando el solo con la primaria donde aprende a leer y a escribir, poco a poco ha ido mejorando ahora su vivienda donde el habita con su familia, osillas con los prestamos que ha obtenido ha logrado terminar una parte de sus vivienda pero ahora el necesita terminar de construir un porche que aun no cierra por falta de materiales de construccion, al igual que cerrar cierta area del perimetro de su vivienda, Osillas esta solicitando financiamiento para la compra de materiales de contruccion como: cemento, hierro, ladrillos, zinc, perlines, ceramica entre otros.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $625 helped Osillas Santiago to buy iron, zinc, rafters, tiles, cement, and bricks, among other items.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
Jun 1, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 1, 2013