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León 2000

PARTNER: Fundación León 2000
WEBSITE: N/A
COUNTRY: Nicaragua
ORGANIZATIONAL PROFILE: León 2000 is a nonprofit organization formed in 1993 in response to the economic crisis in western Nicaragua due to falling cotton prices and the eventual disappearance of the cotton industry in the areas of León and Chinandega. As a small and medium enterprise development program offering credit, training and technical assistance services, León 2000 has provided economic opportunities for people living in those areas. Through a network of seven branches, León 2000 offers several types of credit products to customers using individual loans, solidarity groups and village banks. This organization is guided by integrity, enthusiasm and a long-term focus on its objective to provide credit with the highest standards of quality and customer satisfaction.

GP PARTNERSHIP DETAILS:
  $300,000 loan through Global Partnerships Microfinance Fund 2005


ORGANIZATIONAL VITALS

# of BORROWERS:   9,287 (as of 12/31/07)
OUTSTANDING GROSS LOAN PORTFOLIO:   $6,330,697 (as of 12/31/07)