Karla began selling plastic bags 10 years ago when she worked in the market. Her mother also sold bags and although Karla started on her own, her mother has been supportive. Nearly everything that is sold comes in plastic bags. In the markets these bags are used as the only packaging material and are often reused in a business and around the house. Karla dreams of having a more established location for her business; for the moment she sells her bags on foot, walking from vendor to vendor.
Karla has a long relationship with Fundación León 2000 and has been able to manage six loans for both her business and personal use. Karla will use this loan for the purchase of more plastic bags of various sizes.
Karla is 28 years old, is married, and has three children, ages 11, 7, 3. The youngest isn’t in school yet, but the older children are in 5th and 2nd grade, respectively.
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).