Megdulia Victoria is a 69 year old woman who has three children aged 30, 40 and 42, all of whom are independent. Megdulia has owned a fried foods business in her house for the last 31 years. She set it up as a way of subsisting and paying her household bills. She started off with her own savings and with the help of her husband, who is now a retired pensioner. Her business has become very famous in her area and everyone knows her fried foods called LA LULA and her as Megdulia.
The aim of this loan is to strengthen her work capital by means of buying supplies which she uses in her business such as basic grains, meat and other items. If she manages to buy and stockpile enough she will avoid having to go shopping so often. She plans to keep her business going so she can renovate her house in the future.
Megdulia Victoria es una mujer de 69 años, tiene tres hijos de 30, 40 y 42 años de edad, todos independientes, Megdulia tiene un negocio de fritanga en su casa desde hace treinta y un años, lo inicio como una forma de subsistir y solventar los gastos dentro de su hogar, lo inicio con ahorros propios y con ayuda de su esposo, que actualmente es jubilado pensionado; su negocio se volvió muy famoso dentro de su localidad y todos conocen su fritanga como LA LULA y de igual forma a Megdulia. El objetivo del crédito es para reforzar su capital de trabajo, a través de la compra de insumos que utiliza en su negocio como granos básicos, carnes y otros, ya que si logra comprar materia suficiente se evitaría tiempo haciendo compras muy seguido, planea mantener su negocio para en un futuro realizar remodelaciones en su casa.
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).