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Santiago
Santiago is an adult with four grown children. He is from one of the towns of Chinandega located in the western part part of the country. Santiago does different activities such as raising pigs (buying and selling), buying and selling chickens, as well as a bread bakery, where he only works with sweet bread twice a week. He buys his pigs and chickens in the country or in communities nearby where he lives. In general, he sells them for cash upfront to non-regular customers and on credit to regular customers, which he collects weekly. He started this business with his own money to improve the household income. As his business grew he did others to have more profits and invest in another profitable business. That is how he has these businesses now which, with much hard work and sacrifice he has been able to get ahead. One of his dreams is to be able to finish building his house and expanding his businesses even more. The purpose of the loan to for working capital to buy live pigs, flour, lard, and more products.
View original language description ↓
Santiago mayor de edad con cuatro hijos mayores de edad originario de unos de los municipios de chinandega ubicado en el occidente del pais, Santiago posee varias actividades como son crianza y engorde de ceros(compra venta) compra venta y crianza de gallinas de patio, asi como tambien panaderia el cual solo trabajan con pan dulce dos veces por semana, las compras de cerdos y gallinas las realiza en el campo o en comarcas aledañas donde vive por lo general las vende al contado a clientes eventuales y tambien da al credito a clientes fijos estos los recupera semanal, negocio el cual lo inicia con dinero propio para mejorar los ingresos de su hogar el cual a medida que iva incrementado su negocio realizaba otros para tener mayores utilizades y asi invertia en otro negocio rentable es asi como el ahora posee estos negocios los cuales con muchos esfuerzos y sacrificios ha logrado salir adelante, unos de sus sueños es poder terminar de construir su casa y ampliar aun mas sus negocio, el objetivo de credito es para capital de trabajo en compra de cerdos en pie, arina, manteca, entre otros productos mas.

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

  • $3,636
    Average annual income
  • 148
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Santiago to have working capital to buy live pigs, lard, flour, salt and more.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014