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Angel Francisco
Angel is 52 years old and single. His children are adults. For the last 34 years he has had a small clothing store where he sells a wide variety of pants, shirts, and various other clothing items. Angel plans to use the loan proceeds to buy handbags, cosmetics, footwear, carvings, and clothing in general, higher quality products that his clients have a greater demand for. His dream is to be able to maintain and continue to grow the business in order to better his life.

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
  • 149
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Angel Francisco buy handbags, cosmetics, footwear, carvings, and clothing in general.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2011
Listed
Jul 5, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012