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Mercedes
Mercedes López is 53 years old and is married. Mercedes has three children, all of whom work. Mercedes' economic activity is the production and sale of natural drinks, ice and little bags of beverages. She has worked on this business for more than fourteen years and everyday seeks her objective to confront her household expenses and try to improve economically. Mercedes' goal is to expand her business as she would like to purchase a refrigerator and produce more products. The loan is for working capital as she has to invest in the purchase of more products for her business. Her wish is to always be able to rely on the help of loans as these are of great help for them. The amount that she is requesting is C$ 5.000 córdobas.
View original language description ↓
La señora Mercedes López tiene 53 años, su estado civil casada. Doña Mercedes tiene tres hijos y todos trabajan. La actividad económica de Doña Mercedes es la elaboración y venta de refrescos naturales, hielo y bolsitas. Hace más de catorce años que se dedica a este negocio por lo que cada día busca el objetivo de enfrentar los gastos del hogar y tratar de mejorar cada día económicamente. Los propósitos de Doña Mercedes son de ampliar su negocio ya que le gustaría comprar una refrigeradora y elaborar más productos. El financiamiento es para capital de trabajo por lo que tiene que invertir en la compra de más productos para su negocio. Sus deseos son de contar siempre con la ayuda de los financiamientos ya que estos son de gran ayuda para ellos. La cantidad que solicita es de C$ 5.000 córdobas.

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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,421,000
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Mercedes working Capital.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2009
Listed
Mar 19, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009