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Francisco Javier

Update on Francisco Javier

Mr. Francisco Javier is a hard-working and enterprising man who has owned his own shoe repair shop for the last four years. He will invest this loan in primary shoe repair materials such as glue, soles, insoles, leather, thread, and other shoe components.

Francisco works together with his wife who helps him with sales.
View original language description ↓
El señor Francisco Javier es un hombre trabajador y emprendedor quien es propietario de un taller de calzado desde hace 4 años. El invertirá el crédito en materia prima como pega, suelas, plantillas, cuerina, cuero, hilo, Brasil…etc.
Francisco trabaja junto a su esposa la cual le ayuda a vender.

Previous Loan Details

Señor Francisco Javier is a hard-working person. This is his eighth loan cycle with ADIM, in which he has shown himself to be responsible and entrepreneurial. In addition to benefiting from the loan, he has participated in the training that has helped him to administer his business. Francisco... More from Francisco Javier's previous loan »

Additional Information

About ADIM

Located in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.

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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Francisco Javier buy primary shoe repair materials such as glue, soles, insoles, leather, thread, and other shoe components.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 22, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013