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Moises Francisco

Update on Moises Francisco

Moisés Francisco, 41, sells lumber. He has worked in this business for more than 10 years. One of his greatest challenges is knowing how to buy to the correct wood. Besides, sometimes the wood is exported from other places and the permits have to be in order. Moisés started this work on his own initiative since it's the only source of income that his family has.

The loan is to buy different types of wood.
View original language description ↓
Moisés Francisco tiene 41 años, su actividad es la venta de madera. Tiene más de 10 años en este negocio. Uno de sus mayores desafíos es saber comprar la madera correcta y además que algunas veces la madera es exportada de otros lugares y los permisos tienen que estar en regla. Moisés inicio por iniciativa propia ya que es la única fuente de ingresos que posee su familia. El financiamiento es para la compra de diferentes tipos de madera.

Previous Loan Details

Moisés Francisco is 41 years old and has a business selling lumber. He has been in this business for more than nine years. Moisés started this business with his own money since he has to support his family. He has always been known as a responsible father who takes charge of meeting the needs ... More from Moises Francisco's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $4,800
    Average annual income
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Moises Francisco to buy different types of wood.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2011
Listed
Sep 30, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012