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Lenin Alberto
Lenin, 42, is single and has two children who are studying. He is from Leon, in the western part of the country, and he is hard-working, responsible, and with a desire to get ahead in life. Unfortunately, he was unable to get a degree due to lack of resources, and had to work from an early age to help with the household expenses.
Thanks to his determination to get ahead, he runs a business selling music CDs and videos as a street vendor. He works 10 hours per day offering his products. The purpose of the loan is to buy more CDs in order to offer variety and quality to his customers. Lenin is grateful to Kiva lenders for helping people with low incomes in poor countries such as Nicaragua to have decent jobs.
View original language description ↓
Lenin de 42 años de edad, soltero con dos hijos menores de edad, los cuales están estudiando, es originario de Leon, lugar que está ubicado en la zona de occidente del país, se caracteriza por ser trabajador, responsable, con ganas de superación personal. Lamentablemente por falta de recursos económico no pudo cursar una carrera y se vio obligada a trabajar desde temprana edad, para ayudar con los gastos del hogar.

Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de video y cd de musica de forma ambulante, el dedica a su negocio unas 10 horas diarias ofreciendo su producto. El objetivo del credito es comprar mas CD para ofrecer variedad y calidad a sus clientes. lenin agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y paises 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).

About Nicaragua

  • $4,800
    Average annual income
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Lenin Alberto to invest in working capital and buy CDs and music videos.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014