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Homer Francisco
Homer Francisco is 26 years old and married. He sells general merchandise, such as clothing, flip flops, and shoes. He’s been doing this for eight years because he has three children and must support his family. He is asking for this loan to buy perfumes, handkerchiefs, sheets, footwear, underclothing, and cosmetics. His business is located in a well trafficked part of the market and he wants to continue increasing his sales and also become better known.
View original language description ↓
Homer Francisco es un hombre casado de 26 años. Que se dedica a la venta de mercadería en general como ropa y chinelas y zapatos. Desde hace 8 años se dedica a este medio de vida pues tiene 3 hijos menores de edad a su cargo el se encarga de proporcionarle a su familia los ingresos necesarios. Es por este motivo que solicita este crédito para la compra de perfumes, pañuelos, sabanas, calzado, ropa interior y cosméticos. Por lo que él tiene el negocio ubicado en una parte muy concurrida del mercado para seguir incrementando sus ventas y de paso hacerse más conocido.

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 Nicaragua

  • $3,636
    Average annual income
  • 120
    View loans »
    Nicaragua Loans Fundraising
  • $24,043,075
    Funds lent in using Kiva
  • 22.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Homer Francisco to buy inventory items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
May 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 21, 2012