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Juan Ortiz
Mr. Juan Ortiz, is 56 years old, is married and has 4 children of which two are already married and his other two sons help him in carrying out the business. Through his small business he resells scrap metal such as tin, aluminum and iron. His dream is to be able to enhance and grow economically while generating jobs. In addition to this activity, Mr. Ortiz is a wholesaler of pigs which he also performs together with his son. His goal is to establish himself as a scrap metal collector within the strongest market but this requires enough capital to become established in the scrap metal market.
View original language description ↓
El señor Juan Ortiz, tiene 56 años de edad, es casado tiene 4 hijos de los cuales dos ya estan casados y sus otros dos hijos le ayudan en el desempeño de su negocio, siendo este la comercializacion menor de chatarra como es lata, aluminio, hierro, teniendo un pequeño negocio que su sueño es poder incrementar y crecer economicamente al mismo tiempo generar fuentes de empleo. Ademas de esta actividad el señor se dedica al comercio de cerdos en pie actividad que tambien realiza en conjunto con un hijo. Su proposito es poder establecerse como un acopiador de chatarra dentro de lso mas fuenrtes en el mercado para ello requiere un capital lo suficientemente para establecerse en el mercado o negocio de chatarra.

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

  • $4,800
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Juan Ortiz working capital.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 7, 2008
Listed
Sep 23, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010