María Mercedes B. is 40 years old and married, with two children. Both of her children attend school. María sells clothing for women and men, which she has done for seven years. She began selling clothes because she wanted to help out with household expenses and already had a job, but needed additional income for her family. María's plans for her business include moving to a location which is more convenient for her clients. She is requesting a loan for the purchase of additional new and higher-quality products. She would like to keep her business going, seeing it is the means by which she has managed to take care of her needs. The loan amount requested is 10,000 córdobas [about US $500], which María will pay back in 12 months.
María Mercedes B. tiene 40 años, su estado civil es casada. Tiene 2 hijos. Y todos sus hijos estudian. La actividad económica de María es la venta de ropa para damas y caballeros. Hace más de 7 años que se dedica a este negocio y dio inicio por el deseo de ayudar con los gastos de su casa ya que poseía empleo y necesitaba ingresos para su familia. Los propósitos que Doña María tiene para su negocio son de establecerse en un lugar mejor para sus clientes. El préstamo es solicitado para la compra de más productos nuevos y de mejor calidad. Sus deseos son de mantener su negocio ya que por medio de su negocio ha logrado obtener lo necesario. La cantidad solicitada es de C$ 10.000 córdobas a un plazo de 12 meses.
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).