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Edgar Antonio
Mr. Edgar Antonio Sánchez is 53 years old, married and has 2 children, His oldest son is 32 years old and is self-employed and his daughter is 30 years old and also works on her own. His spouse works as a trader, their desires are to increase his business to continue providing his family with economic help because this business has helped the family move forward. It is in their plans to improve their home so that in the future their children will have a decent place to live, for all that they have is thanks to the hard work that he has done.

The economic activity he is dedicated to is selling watches for women and men. He has owned his business for 15 years, it is located in a mobile cart. He began this business by himself because Mr. Edgar has contacts in the watch business and this is how he obtained the experience in this field and decided to purchase the watches and sell them to customers, and that's how he had this kind of business. The financing is for working capital that will be used for the purchase of more products because Mr. Edgar found it is more favorable to purchase in different regions such as Chinandega, Managua y Chichigalpa to satisfy the demand from his customers.
View original language description ↓
El señor de nombre Edgar Antonio Sánchez tiene la edad de 53 años, su estado civil es casado, este Señor tiene 2 hijos sus edades son las siguientes su hijo mayor de 32 años de edad trabaja por cuenta propia y su hija de 30 años que también labora por cuenta propia, su esposa labora como comerciante, sus deseos son de ampliar su negocio para seguir proporcionando a su familia ayuda económica ya que hasta los momentos con este negocio ha podido sacar adelante a su familia, en sus propósitos esta proporcionarle a su vivienda mejoras para que en un futuro sus hijos puedan tener un lugar digno donde vivir ya que todo lo que tiene es debido al arduo trabajo que ha realizado.

La actividad económica a la que se dedica es la venta de reloj para mujer y para varón el tiempo que tiene de poseer su negocio es de 15 años, la ubicación es de forma ambulante, el inicia este negocio por cuenta propia ya que Don Edgar poseía conocimientos de relojería y es así como el obtiene la experiencia en este campo y decide realizar la compra de reloj y venderlos al por mayor a sus clientes y así obtiene este tipo de negocio, el financiamiento es para capital de trabajo que será destinado para la compra de mas producto ya que a Don Edgar le resulta mas favorable la compra en los diferentes departamentos como Chinandega, Managua y Chichigalpa para satisfacer la demanda de sus clientes.

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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Edgar Antonio working Capital.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2008
Listed
Dec 19, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 16, 2009