Carmen sells clothing and gold and silver jewelry on foot. A good business woman, Carmen has established clients to whom she offers credit lines and she collects weekly payments. This loan of 10,000 gold cordobas (NIO) will be used to buy more merchandise.
Carmen reports that the microfinance services of Fundación Leon 2000 have greatly helped her to improve her business and allowed her to better her living situation. She is 47 years old, married, and has an 8 year old.
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).