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Marvin Andres
Mr. Marvin Sánchez C. is a 30-year-old married father of two children. The eldest child, Karen, is 6 years old and in the first grade, while the youngest, Génesis, is 7 months old. His wife works selling general merchandise. He hopes that his business will be prosperous and active. Because he currently lives with his mother, he plans on obtaining his own house and wants to furbish it so that his daughters can have their own house. He also wants to provide his daughters with an education.


He has had this busines for 4 years. He sells merchandise such as pants, shirts, children’s outfits and women’s dresses. He started this business on his own account, initially selling small items like hair bands, headbands and children’s outfits. Later, his wife got the idea of selling clothing, which was how this business was formed. The loan will be used as work capital because he needs to purchase merchandise in Managua.

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El Joven Marvin Sánchez C. tiene la edad de30 años, su estado civil es casado, tiene 2 hijas su hija mayor Karen tiene la edad de 6 años cursa recientemente el 1 grado de primaria y su hija menor génesis de 7 meses quien no estudia, su estado civil, su esposa labora en la venta de mercadería en general, sus deseos son de prosperar y mantener su negocio activo en sus propósitos esta el obtener su propia casa ya que actualmente donde reside es de mama y desea acondicionarla para que sus hijas tengan su casa propia y también proporcionarle a sus hijas un futuro de estudios.


El tiempo que tiene de poseer este negocio es de 4 años, su actividad económica es la venta de mercadería en general que consiste en la venta de pantalones, camisas, trajes para niños y trajes para dama, el inicia este negocio por cuenta propia y empieza colocando pequeñas cosas de venta como: colas, diademas y trajes para niños y mas tarde su esposa piensa en la idea de la venta de ropa y es así como inicia este negocio, el financiamiento es para capital de trabajo ya que necesita realizar la compra de sus productos en Managua .

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
  • 155
    View loans »
    Nicaragua Loans Fundraising
  • $24,077,475
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Marvin Andres work capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2008
Listed
Dec 3, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009