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Francisco Javier

Update on Francisco Javier

Francisco Javier is an entreprenuer who has been working through Fundacion Leon 2000, which has helped him by providing financing for his business. Francisco offers transport services and has used past loans to improve his vehicle.

Francisco is requesting financing anew, but this time he wishes to make improvements to his home. He needs to buy crossbeams, zinc sheeting, cement, sand, and blocks, among other construction materials.
View original language description ↓
Francisco Javier es un emprendedor que ha venido trabajando con Fundación León 2000, se le ha apoyado en brindarle financiamiento para su negocio que es de brindar los servicios de transporte ha mejorado su unidad de transporte. Actualmente está solicitando financiamiento pero en este crédito que está solicitando es para realizar algunas mejoras a su vivienda lo cual comprara perlines, zinc, cemento, arena, ladrillo entre otros materiales de construcción.

Previous Loan Details

Francisco Javier is 32 years old, and his activity is to offer taxi services. He has been engaging in this activity for more than 5 years; he started it by his own means as he has 1 child whom he is responsible for, and he takes care of providing his family with what they need the most. At the be... More from Francisco Javier'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 137
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,100 helped Francisco Javier to buy crossbeams, zinc sheeting, cement, sand, and blocks, among other construction materials.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2012
Listed
Apr 12, 2012
Currency Exchange Loss:
Possible
Expired:
May 12, 2012