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Jose Francisco

Update on Jose Francisco

Jose Francisco is married and his children are no longer minors. To earn a living, he provides corn husking and rice threshing services. He has run this business for nine years, and it is located at his home. He inherited this business from his father who previously owned it. When Jose Francisco reached an age of majority, his father handed it over to him so that it would keep going. He currently uses the rice threshing machine, as it generates more business in the area where he lives.
The aim of the loan is to invest in the roof under which the threshing machine and the husker are located. So, the Kiva program would thus help him to improve the conditions under which he provides these services.
View original language description ↓
Jose Francisco casado ,con hijos mayores de edad, tiene por actividad economica el servicio de desgrane de maiz trillado de arroz, tiempo de tener el negocio 9 años, el cual lo tiene ubicado en su casa de habitacion. Dicha actividad la inicio por una herencia de su papa el cual era el dueño del negocio al llegar a la mayoria de edad se lo sedio para seguirlo trabajando, en la actualidad implemto el trillo de arroz ya que la zona dode vive lo tiene como un negocio de mayor actividad, el objectivo del prestamo es para invertir en el techo donde esta ubicado el trillo y desgranadora, ya que de esa forma le ayudaria el programa kiva para mejorar la condidiciones para dar sus servicios.

Previous Loan Details

Jose Francisco is 31 years old and he is a single father. He has also been working at a corn production plant for the past eight years. The business which he had previously belonged to his father; he maintained it with a great deal of effort. He later decided to establish Jose as the responsible ... More from Jose 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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,275 helped Jose Francisco to invest in the roof under which the threshing machine and the husker are located.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014