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Leonardo Antonio
Leonardo is 21 years old, married with one young son. He is a native of El Sauce a place in the north of the country. He is hard-working responsible and wants to improve himself. In his spare time he likes to be with his son. Unfortunately due to a lack of financial resources he couldn't study a profession and had to work at an early age to help with the household expenses.

Today he strives from day to day to provide a better future for his children. Thanks to his effort and his desire to improve he runs a cafe in his place of residence with products such as: natural juices, soft drinks, a variety of traditional pastries (with names like empanadas, cachos, tortas de piña, picos, dedos, etc.), sopa de leche (a traditional soup) and baked goods. He spends about 10 hours a day at his business offering his product to regular customers and on order.

The objective of his loan is to invest working capital and stock his business by buying pastries so that in the near future he will generate greater income. Leonardo thanks those lenders from Kiva who offer support to people of low resources in poor countries like Nicaragua to enjoy dignified work.
View original language description ↓
Leonardo de 21 años de edad, casado 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. En sus ratos libre le gusta disfrutar de la compañía de su hijo. Lamentablemente por falta de recursos económico no pudo cursar una carrera y se vio obligado a trabajar desde temprana edad. Para ayudar con los gastos del hogar. En la actualidad lucha día a día para brindarles un futuro mejor a sus hijos.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica un cafetin en su casas de habitacion con productos como: jugos naturales gaseosas, repostería empanadas, cachos, tortas de piña, picos, pastes de carne, de pina. Dedos, sopa de leche, cosas de horno. El dedica a su negocio unas diez horas diarias ofreciendo su producto, a clientes fijos y por encargo. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra de repostería para que en futuro no muy lejano pueda obtener mejores ingresos. Leonardo agradece la ayuda que los inversionistas kiva le 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
  • 67
    View loans »
    Nicaragua Loans Fundraising
  • $23,624,275
    Funds lent in using Kiva
  • 26.2
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $575 helped Leonardo Antonio to stock his cafe with soft drinks, natural juices, pastries, empanadas, sopa de leche (a traditional soup), etc.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2014
Listed
Apr 17, 2014
Currency Exchange Loss:
Possible