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Mauricio Francisco

Update on Mauricio Francisco

Mauricio Francisco is 66 years old, married and has two dependent children. He has been running a grocery store in his home for five years. He started the business to improve his standard of living. His dreams and goals are to further grow his business so that he can sell more and increase his income. He would like this loan to invest in buying rice, sugar, firewood, bread, eggs, soap, laundry detergent, fruit, vegetables and other staples.
View original language description ↓
El señor Mauricio francisco casado de 66 años de edad, con dos hijos menores de edad, tiene por actividad económica una pulpería desde hace 5 años, el cual está ubicado en su casa de habitación. Inicio el negocio para mejorar sus niveles de vida, sus sueños y metas es crecer más su negocio para así vender más y poder incrementar sus ingresos el financiamiento lo quiere para invertir en capital de trabajo como: arroz, azúcar, leña, pan, huevos, jabón de baños, jabón de lavar, frutas, verduras, productos de consumo diario para el hogar.

Previous Loan Details

Mauricio Francisco is 62 years old and his activity is a grocery store. He’s been in business over four years. It arose as an alternative source of income for his home. He has two children who work independently. Most of his customers come to buy the various products he stocks like: basic g... More from Mauricio 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

  • $3,636
    Average annual income
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Mauricio Francisco to buy rice, sugar, firewood, bread, eggs, soap, laundry detergent, fruit, vegetables and other staples.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013