Lesbia is a widow and mother of three children. Her eldest children are 30 and 27 and are independent of their mother; the youngest is 21 and is in school. Lesbia began her business when her husband passed away and she needed to find a way to support herself. She started by selling clothing and then included food sales, which she sells to a preschool. The two aspects of her business ensure that she has a steady income. This is the first business loan that Lesbia has taken out with Fundación León 2000, though she has a good credit history with them for personal use loans. Lesbia’s dream is to continue to use her business to support her daughter’s education. Lesbia says that the challenge of being both mother and father to her three daughters is great.
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).