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Engracia
Engracia, a married woman with three adult children, comes from a municipality in Chinandega, in the western part of the country. She sells merchandise such as clothing for adults, children, and women. She makes her sales as a street vendor and also takes orders. She purchases her goods at wholesale markets in cash, and her sales are in cash or credit for regular and occasional customers as well as for orders.

Engracia started her business six years ago after she retired, and it is an alternative source of income for her household. This loan will be used as capital for the purchase of merchandise such as clothing for children, men, and women, among other products.
View original language description ↓
Engracia, mayor de edad casada con cuatro hijos todos mayores de edad, originaria de uno de los municipios de Chinandega ubicado en el occidente del país, ella se dedica a la comercialización de mercadería en general como: variedades de ropa, para adultos, niños, damas, los cuales distribuye de forma ambulante y por encargos sus compras las realiza al contado en mercados de mayoreos, sus ventas son al contado y al crédito a clientes fijos, eventuales y por encargos. Engracia inicia su negocio hace seis años atrás al momento de su jubilación y lo toma como otra alternativa de ingresos en su hogar, Este financiamiento es para capital de trabajo en la compra de mercadería como: ropa de niños, caballeros, damas entre otros productos más.-

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
  • 87
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Engracia to purchase merchandise, such as a variety of clothing for children, women, and men, to increase her inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014