Check out some available loans that are similar to this one!
Francisca Marlene

Update on Francisca Marlene

Francisca Marlene is a successful entrepreneur. Her economic activity is the sale of new clothing and she has a lot of experience in the business. Her perseverance has allowed her to get very far in creating a source of employment for herself. Francisca makes her sales going door to door, which allows her to have many customers. With the loan that Fundación León 2000 has offered her, Francisca has been able to greatly improve aspects of her personal life and her business, increasing her merchandise and her customers. Her husband supports her in everything and both have pressed forward in order to give their children a better quality of life. Francisca is requesting the loan to invest in merchandise for her business.
View original language description ↓
Francisca Marlene es una emprendedora de éxito, su actividad económica a la que se dedica es a la venta de ropa nueva en el cual tiene mucha experiencia en el negocio, su perseverancia que tiene le ha permitido llegar muy lejos de crear su propia herramienta de trabajo. Esta actividad económica a la se dedica Francisca la realiza de forma ambulante lo cual le permite tener muchos clientes. .Francisca con el financiamiento que Fundación León 2000, le ha brindado le ha permitido mejorar mucho en todo los aspecto en lo personal y en el negocio, aumentando su mercadería y sus clientes, su esposo la apoya en todo ambos han salido adelante para darle a sus hijos una mejor calidad de vida. Francisca está solicitando financiamiento para invertir en mercadería en el negocio.

Previous Loan Details

Francisca Marlene has had a lot of experience with loans. She is a good client of Fundación León 2000. Francisca is a very persevering and enterprising lady. She sells clothes but doesn't have a stable sales location, only her home. She also makes some sales door to door. Every day she mak... More from Francisca Marlene'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Francisca Marlene to purchase new clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2011
Listed
Dec 20, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Francisca Marlene. It was first posted on Kiva on Jan, 2011. Learn More