Update on FranciscaFrancisca is from Coyolito in the Concordia area of Jinotega, Nicaragua. She is the owner of a convenience store. She tells us that her last loan helped her greatly in enabling her to stock up her shop, offer new products and, little by little, increase her customer base. The loan from Kiva has had very positive effects on her business, which she is very grateful for. She is asking for this loan to buy school items, basic grains, tinned foods, cleaning products, oil, soap, oats, milk, cheese, eggs, bread, vegetables, chicken and meat. This loan will helps her to offer a greater variety of products to her customers, which is good for her sales. Her dream is to turn her store into a wholesaler, and, above all, to give her children the opportunity to study.
Ella esta solicitando un crédito para compra de artículo escolares, granos básicos, enlatados, productos de limpieza, aceite, sopas, avenas, leche, queso, huevo, pan, verduras, pollo carne. Este crédito le ayudara a ofrecer más variedad de productos a sus clientes lo que le favorece a sus ventas de comestibles. Pues su sueño es convertir su pulpería en una distribuidora y sobre todo que sus hijos tengan la oportunidad de estudiar.
Previous Loan DetailsFrancisca is 51 years old and was born in the town of Concordia in the Department of Jinotega, Coyolito region. She is married and has three children. Francisca is a merchant and housewife who manages her own store. She started this business with the help of her husband and established it in C... More from Francisca's previous loan »
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.
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Success!! The loan was 100% repaid