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Teodoro Silvestre
Teodoro is 53 years old and has three dependent children in his care. He engages in the sale of dairy products and is always looking for ways to get ahead since he has a family to support. When he started working he did not have enough operating capital, but with help and trust Teodoro has been able to achieve his goals.

He has decided to use this loan to buy curds, cream, milk, cheese, and sour milk. Teodoro hopes to continue working hard so that he can provide for his children’s education.

View original language description ↓
Teodoro tiene 53 años con 3 hijos menores de edad a su cargo. Su actividad es venta de productos lácteos, por lo que él siempre está buscando la forma de salir adelante ya que tiene una familia que mantener, cuando el inicio este trabajo no tenía suficiente capital de trabajo, pero con la ayuda y la confianza que ha logrado alcanzar sus objetivos. Es así que decide realizar un financiamiento destinado para la compra de cuajada, crema, leche, queso y leche agria. Su deseo es seguir trabajando duro para proporcionarles a sus hijos estudios.

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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,550
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Teodoro Silvestre purchase curds, cream, milk, cheese, and sour milk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 19, 2011
Jan 26, 2011
Currency Exchange Loss:
Feb 17, 2012