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Angel Francisco

Update on Angel Francisco

Ángel Francisco has been in business selling general merchandise for more than thirty-five years. He is requesting a loan so that he can invest in buying shirts, pants, skirts, swimsuits, bags, footwear, etc. He is grateful to the foundation for having provided him with this opportunity to maintain his business and continue working which provides him and his family with stability.
View original language description ↓
El señor Ángel Francisco tiene más de 35 años con su negocio de venta de mercadería en general. Esta solicitando un préstamo para poder invertir en las compra de camisas, pantalones, faldas, trajes de baños, bolsos, calzado entre otros. El le agradece a esta fundación por haberle brindado esta oportunidad para poder mantener y salir adelante con su herramienta de trabajo lo cual le da estabilidad a el y a su familia.

Previous Loan Details

Angel is 52 years old and single. His children are adults. For the last 34 years he has had a small clothing store where he sells a wide variety of pants, shirts, and various other clothing items. Angel plans to use the loan proceeds to buy handbags, cosmetics, footwear, carvings, and clothing ... More from Angel 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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,418,800
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Angel Francisco to buy shirts, pants, skirts, swimsuits, bags, footwear, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 25, 2012
Jun 28, 2012
Currency Exchange Loss:
Jan 19, 2014
This photo was used before for a previous loan for Angel Francisco. It was first posted on Kiva on Jul, 2011. Learn More