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Helen Ruth
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Doña Helen is a 41-year-old single woman living in her own home 4-1/2 blocks from the municipal theater. She has two children, a married son and a daughter living with her who is in her third year of secondary school. Doña Helen has worked with Fundacion Leon 2000 for 10 years, during which time she has invested in her business and acquired housing where she also has her small business. She has gradually been improving her beauty salon in order to provide suitable service to her clientele.

Her business was started because she needed to be self-employed. Since she had completed a beauty course and did not have other employment, she decided to open her own beauty salon herself with the help of Fundacion Leon. Her big dream is to be able to air-condition and expand her salon, in order to support her children's professional development.


Translated from Spanish by Susan Sanford, Kiva volunteer



Doña Helen tiene 41 años de edad es soltera, vive del teatro municipal 4 cuadras y media al sur
vive en casa propia, tiene dos hijos uno ya esta casado y la otra es una niña vive con ella es menor de edad cursa el tercer año de secundaria , Doña Helen tiene de trabajar con fundacion leon 2000 10 años tiempo durante el cual ha sabido invertir en su negocio y adquirir una vivienda siendo esta donde actualmente tiene su pequeño negocio. En su pequeño salon de belleza ha venido poco a poco mejorandolo de esta manera ofrecer un servicio adecuado a su
clientela negocio dio origen como una necesidad de crear su propio autoempleo, ya que ella
habia adquirido un curso de belleza y no tenia otro empleo decidio poner su propio salon de belleza con esfuerzo propio y apoyo de nuestra isntitución, su mayor sueño es poder acondicionar y ampliar mas su salon de belleza, así como poder apoyar a sus hijos a que se desarrollen profesionalmente.

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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,043,075
    Funds lent in using Kiva
  • 19.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Helen Ruth working capital.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 29, 2008
Listed
Aug 1, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010