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Margarita Marcelina
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Sra. C., 45, is single and has one daughter who is now in her first year at a local university. She's received five loans from our institution. She began as a street vendor, selling cosmetics. With the loans, she has set up a small kiosk where she sells photocopying services along with cold drinks and snacks. She still operates the cosmetics business, as well. She started as a way out of unemployment and the businesses have served to support her and to support her daughter's studies for 10 years.


With the loan, Sra. C. plans to continue investing in the business and improving her house, itself a product of her earnings. She lives in her own house. She can't depend on relatives for financial help and her business is her sole source of income.


Sra. C.' greatest dream is to have a place of her own because the one she has now is small and rented. She would like to offer other products such as Internet services and eventually, with the Lord's blessing and your support, to have the opportunity to expand her business.

Translated from Spanish by Jere Wiseman, Kiva Volunteer


La señora C., tiene 45 años, es soltera tiene una hija menor de edad actualmente cursa el primer año de la universidad, no tiene esposo, ha trabajado cinco creditos con nuestra institución, inicio ofertando cosmeticos de forma ambulante, con los creditos ha instalado un pequeño kiosko donde ofrece servicios de fotocopiado, vende frescos naturales y respoteria manteniendo siempre su actividad inicial como es la venta de cosmeticos. Su negocio surge como una alternativa al desempleo con el cual ha podido ir saliendo adelante sin dejar de apoyar a su hija en sus estudios, teniendo 10 años de dedicarse a esta actividad.


Con el financiamiento pretende seguirle invirtiendo al negocio, e ir mejorando poco a poco su casa producto de las ganancias, vive en casa propia, no tiene ayuda economica de familiares, depende de su negocio en su totalidad.


Su mayor sueño, es tener un lugar propio, ya que donde esta es pequeño y alquila, y ofertar mercadería así como brindar el servicio de Internet., que poco a poco con la bendicion de Dios y el apoyo nuestro tendrá la oportunidad de ampliar su negocio.

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
  • 138
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 19.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Margarita Marcelina working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 13, 2008
Listed
Jul 29, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009