Néstor is now planning to set up a store in a fixed location so that his customers can easily locate him. This is why Néstor is requesting a working capital loan. He will use the money to purchase products like underwear, T-shirts, shorts, trousers and skirts.
Néstor hopes to offer his products in other regions and establish himself as a leading supplier. He is asking for a loan in the amount of 20,000 córdobas.
Fundación Leon 2000This 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).
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