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Nestor Ali
Néstor Ali G. is 29-years-old and married. He started selling a variety of merchandise over 12 years ago; his first customers were his neighbours and he eventually started offering products on credit.


Néstor is now planning to set up a store in a fixed location so that his customers can easily locate him. This is why Néstor is requesting a working capital loan. He will use the money to purchase products like underwear, T-shirts, shorts, trousers and skirts.


Néstor hopes to offer his products in other regions and establish himself as a leading supplier. He is asking for a loan in the amount of 20,000 córdobas.

View original language description ↓
El Señor Néstor Ali G. tiene 29 años de edad, su estado civil es casado. La actividad económica de Don Néstor es venta de mercadería en general. Hace más de doce años que se dedica a este negocio, sus primeros clientes fueron sus vecinos de su barrio y posteriormente decidió ofrecer sus productos al crédito. Los propósitos de Don Néstor son de establecerse en un local para que sus clientes puedan localizarlo en un determinado lugar. Es por eso que Don Néstor requiere de la ayuda de un financiamiento para su capital de trabajo y así comprar productos como ropa interior, camisetas, shorts, pantalones y faldas. El deseo de Don Néstor es de ofrecer sus productos a otros departamentos y alcanzar establecerse como un expendedor mayoritario. La cantidad que solicita es de C$ 20.000 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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 20.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Nestor Ali working capital.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2009
Listed
Mar 22, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 16, 2010