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Elvis Noel
27-year old Elvis is single and has a young son. He is a native of El Sauce located in the northern part of the country. He is known as a hardworking, responsible person who is eager to get ahead in life. Sadly, because of a lack of money, he wasn't able to take any job training courses and had to start work at a young age to help with household expenses. Currently he works hard every day to provide his son with the opportunities that he didn't have. One if his dreams is to pay for a good education for his son to help him grow up to be a good citizen.

Thanks to his efforts and his wish to do well, Elvis has a business selling home-cooked food from his house such as beef stew, fried chicken, breaded meat, meat pie, rice dishes, fried plantains, banana pie, meat with potatoes, cannelloni and other local dishes.

Elvis spends about twelve hours daily at work from early in the morning to prepare the food ready to sell to students and business workers. He plans to spend the loan money on ingredients such as plantain bananas, chili sauce, cheese, meat, beans, potatoes, cabbage, tomatoes, onions etc. as he wishes to earn more money.

Elvis is grateful to Kiva donors who help people from poor countries such as Nicaragua with their businesses.
View original language description ↓
Elvis de 27 años de edad, soltero con un hijo menor de edad, es originario del Sauce, lugar que está ubicado en la zona norte de la región. Se caracteriza por ser trabajador, responsable, con ganas de superación personal, lamentablemente por falta de recursos económicos no pudo cursar una carrera y se vio en la necesidad de trabajar desde temprana edad, para ayudar con los gastos de hogar. En la actualidad lucha día a día para brindarles a sus hijos todas las oportunidades que él no tubo, y así cumplir sus sueños como es poder pagar a su hijo una buena educación para ayudar a formarlos como hombres de bien para la sociedad.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de comida en su casa de habitación, comida casera como: carne tapada, pollo frito, empanizado, torta de carne, arroz relleno, maduros, manuelitas, torta de maduros, carne con papas, canelones. El dedica a su negocio unas doce horas diarias desde muy temprano en la mañana para preparar los alimentos necesarios hasta su venta a estudiantes y trabajadores de empresas. El objetivo del crédito es invertiré en materia prima para la elaboración de la comida con productos comestibles como: plátanos, pipián, queso, pollo, carne, frijoles, papas, repollo, tomates, cebollas, carne rojas. Con el objetivo que en un futuro cercano pueda obtener mejores ingresos. Elvis agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

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).

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 161
    View loans »
    Nicaragua Loans Fundraising
  • $23,186,525
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $725 helped Elvis Noel buy food ingredients for his catering business.
74% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2014
Listed
Mar 6, 2014
Currency Exchange Loss:
Possible