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Martha Lorena
Martha Lorena is married and has four children, all of whom are independent adults. She is originally from one of the towns in Chinandega, located in the western part of the country, an area known for its beautiful beaches, tourism, and delicious donuts that are well known throughout the country.

Martha is the owner of a store that sells seafood such as exported fish (red snapper, corvina, shark fin), white fish (sea bass, shark, mackerel, barracuda, and others), and lobster. She purchases them from local fisherman and sells them to an export business, wholesale stores, and small businesses. She has 32 years of experience with this business, which she started with her own money.

One of her dreams is to be able to make improvements to her home and improve her business. She is requesting this loan to invest in working capital and take advantage of the good prices during the summer and improve her profits.
View original language description ↓
Martha Lorena, mayor de edad casada con cuatro hijos todos mayores de edad e independientes, originaria de uno de los municipios de Chinandega ubicado en el occidente del país, zona que se caracteriza por sus hermosas playas, turismo, y sus deliciosas rosquillas que son muy bien conocidas por todo el país, Martha es una microempresaria propietaria y administradora de un centro de acopio en cual comercializa mariscos como:pescado de exportación (PARGO, CORVINA, ALETA DE TIBURON) y pescado blanco (ROBALO, TIBURON, MACARELA, GUICHO, BARRACUDA, OTROS) y langostas, las cuales compra a pescadores artesanales de la zona,el marisco comprado lo vende a una empresa exportadora y a comerciantes mayoristas y minoristas (paneras), contando ya con treinta y dos años de experiencia en este negocio, el cual lo inicia con fondos propios, uno de sus sueños es poder realizar mejoras en su vivienda y el de mejorar su negocio, el objetivo de este financiamiento es para invertir en capital de trabajo y aprovechar los buenos precios del verano y de esa manera mejorar sus utilidades.-

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $23,820,300
    Funds lent in using Kiva
  • 25.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Martha Lorena to purchase varieties of seafood.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2014
Listed
Apr 16, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015