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Rafael Acargel
Mr. Rafael Arcángel M. N. is 40 years old and is single. He has 2 children, both of whom are in school. Mr. Rafael is a carpenter. He has spent more than four years in this business since his father taught him the profession and it is how he succeeded in becoming independent and in starting his own business. His goals are to improve the conditions of his establishment since he doesn’t have enough space. The money that he is requesting is for capital for his business, which is necessary so that he can buy tools to make furniture. His dreams are to increase his production of furniture and to be able to offer his family a better life. He is requesting C$ 12,000 cordobas ($625).
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El Señor Rafael Arcángel M. N. tiene 40 años de edad, su estado civil es soltero. Tiene 2 hijos y todos sus hijos estudian. La actividad económica de Don Rafael es ofrecer los servicios de carpintería. Hace más de cuatro años que se dedica a este negocio por lo que su papa le enseño este oficio y fue así como logro independizarse y establecer su propio negocio. Los propósitos de Don Rafael son de mejorar las condiciones de su establecimiento ya que el espacio que posee no es suficiente. El financiamiento que solicita es para capital de trabajo por lo que es necesaria la compra de herramientas para la elaboración de muebles. Sus deseos son de aumentar su producción en la elaboración de más muebles y así podrá ofrecer a su familia mejores condiciones de vida. La cantidad que solicita es de C$ 12.000 cordobas.

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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Rafael Acargel capital for work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2009
Listed
Mar 19, 2009
Currency Exchange Loss:
Covered
Ended:
May 6, 2010