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Olga is 65 years old and lives in the Department of Chinandega. She is married and has two children (ages 40 and 16). Only her younger child is under her financial responsibility and is attending school. Olga works as a legal secretary in her town.

She is requesting a loan in order to make a home improvement, which consists of replacing the roof of her garage where her husband has a cabinetmaking workshop. Olga also wants to replace the roof over the rooms. She says that she has wanted to complete these improvements for the past year, but she lacks the financial resources to make this happen. Her family is the main reason why she wants to make these improvements since part of the outcome will help her husband generate income from his work so that they can support themselves.

Olga has already obtained loans from Fundación León 2000 and has demonstrated that she is responsible in submitting her payments on time. With this loan, she will buy construction materials such as zinc, crossbeams, nails, cement, and wire. In the near future, she dreams of seeing her child become a professional and completing the improvements to her house so that she can provide stability and protection for her family. Sra. Olga is grateful for the assistance Kiva lenders have provided to people with limited resources in poor countries so that they can have a place of their own and a decent life.

View original language description ↓
Olga de 65 años de edad del departamento de Chinandega, casada con dos hijos de 40, 16 años. De los cuales solo el de 16 está bajo su responsabilidad económica ya que es menor de edad y estudia, ella se desempeña como secretaria del juzgado de la localidad. Olga está solicitando el financiamiento para realizar mejora a su vivienda que consisten en cambiara el techo del garaje donde el esposo tiene el taller de ebanistería y cambiar el techo de los cuartos, dichas mejoras la ha querido realizar desde hace 1 años pero por falta de recursos económicos no las ha podido hacer. Ya que para su familia es primordial realizar dichas mejoras a su vivienda porque es de donde obtienen parte de los ingresos del trabajo de su esposo para la mantención de su familia. Olga ya ha realizado créditos con fundación demostrando su responsabilidad con los pagos en tiempo y forma. Con el financiamiento comprara material de construcción como: zinc. Perlines, clavos, cemento, alambre. Los sueños de Olga en un futuro no lejano es llegar a formar a su hijo es un profesional, y realizar por completo las mejoras de su casa para brindarle estabilidad y protección a su familia. La Sra. Olga agradece la ayuda que le brindan a los inversionistas kiva a personas de escasos recurso y países pobre para tener un lugar propio y digno para vivir.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 38
    View loans »
    Nicaragua Loans Fundraising
  • $26,391,875
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Olga to buy construction materials necessary for replacing the roof of her home and her garage.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 19, 2012
Sep 28, 2012
Currency Exchange Loss:
Mar 17, 2014