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Kari Marina
View original language description ↓
Mrs. Sanoval is the owner of a small grocery store located in her house. She has more than 8 years running her business. She lives in her own house and has three children, two are currently in high school and one in primary school, all attending private schools. Her partner works as a used car salesman, and he helps with the support of the children. She lives in the 1 Mayo region.

Her business is directly managed by her and her adolescent chidlren. Her sales are carried out in cash and on credit to the people in the area.

Her living conditions are such that her house is made of cement blocks and the floor is made of bricks.

Her greatest dream is to expand her business to offer more products. This way she will be able to acquire more goods for her children and provide them with better living conditions.

Translated from Spanish by Erika Lindig, Kiva Volunteer.

La señora sanoval, es propietaria de una pequeña pulperia ubicada en su casa de habitación, teniendo mas de 8 años de tener dicho negocio, vive en casa propia tiene tres hijos, actualmente dos cursan secundaria y uno primaria, en colegios privados, su compañero trabaja como vendedor de autos usados, quien le ayuda en la manutencion de los hijos, ella vive en el reparto primero de mayo.
En cuanto su negocio es atendido directamente por ella y sus hijos adolescentes, sus ventas son de contado y credito a personas del sector.
En cuanto a sus condicones de vida su casa es de bloque y zinc, piso de ladrillo.

Su mayor sueño, es ampliar su negocio y poder ofertar mas productos, así como poder adquirir otros bienes para sus hijos y darles mejores condiciones.

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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 19.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Kari Marina working Capital.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 18, 2008
Listed
Jul 29, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009