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Toribio Marcial
Mr. Toribio Marcial Téllez I. is 43 years old and single. Toribio has one son and he works. Toribio sells fruits and vegetables. He has had this business for 4 years. His business is located in the La Estación market. That is where he gets his best customers. Toribio’s intends to sell all of his produce; however tomatoes are most in demand by his customers. Toribio asks for a loan for working capital. He will buy tomatoes, onions, potatoes, bananas, garlic and cabbage. His biggest desire is to be able to market these items in larger quantities. He is asking for $400 (8000 NIO).
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El Señor Toribio Marcial Téllez I. tiene la edad de 43 años, su estado civil es soletero. Don Toribio tiene 1 hijo y trabaja. La actividad económica de Don Toribio es la venta de verduras y frutas. Hace más de 4 años que se dedica a este negocio. La ubicación de su negocio es en mercado La Estación, ya que es aquí donde consigue a sus mejores clientes. Los propósitos de Don Toribio son de vender todos sus productos ya que el mas solicitado por sus clientes son los tomates. Don Toribio solicita este financiamiento solamente para su capital de trabajo y así invertirlo en la compra de tomate, cebolla, papa, plátanos, ajos y repollo. Es por eso que su deseo más grande es llegar a comercializar estos productos en mayores cantidades. La cantidad que solicita es de C$ 8.000 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

  • $4,800
    Average annual income
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 20.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Toribio Marcial working capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2009
Listed
Mar 27, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010