| Location: | Leon, Nicaragua | Repayment Term: | 4 months (more info) |
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|---|---|---|---|---|
| Activity: | General Store | Repayment Schedule: | At end of term | |
| Loan Use: | Business capital | Currency Exchange Loss: | Covered | |
| Default Protection: | Covered |
She sells general merchandise such as cosmetics, pants, shirts and handbags. Her business is located in the Central Market of León. She started this business on her own, initially only selling products like nail polish, deodorant and perfume. Later, she decided to purchase more merchandise in order to offer a greater variety of products to her customers, so she expanded her business. This loan will be used as business capital to purchase products like clothing, handbags and bed sheets. Her mother started working with Fundación León 2000, and then her daughter joined in with Fundación and other organizations. She is grateful to work with them because they lend her a helping hand so that she can keep moving forward.
Important Information About This Loan
In order to help you better understand the potential risks of lending to entrepreneurs in Nicaragua, Kiva continues to provide information on the “No Pago” movement (a movement for non-repayment of loans). The Nicaraguan government appears to have implemented a plan to resolve the uncertainties raised by the previous No Pago 'non-repayment' movement that has affected the country. To learn more, please click here
Translated from Spanish by Elizabeth Casian, Kiva Volunteer
La actividad económica a la que se dedica es la venta de mercadería en general en donde vende los productos como: cosméticos, pantalones, camisas y carteras, la ubicación de su negocio es un tramo en el Mercado Central de León, Ella inicia este negocio por cuenta propia razón por la que empieza con pocos productos como: pinturas de uñas, desodorantes y perfumes y decide realizar la compra de mas productos para tener mas variedad que ofertar a sus clientes razón por la decide incrementar mas en su negocio, el financiamiento es para capital de trabajo que será destinado para la compra de productos como ropa, cartera y sabanas ya que su Mama empezó trabajando con Fundación León 2000 y mas tarde su hija trabaja con Fundación y con las organizaciones amigas y agradece trabajar con ellas ya que le brindan la mano amiga para seguir adelante.
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