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Haydee Francisca

Update on Haydee Francisca

Haydee Francisca is enterprising. She is a responsible, hardworking woman. She sells milk products such as yogurt, cheese, and cow’s milk. Her business is located in her home. She has been doing this work for many years. Her goal is to have a work related machine in order to progress and have a dignified life. Her objective is to continue working as long as God gives her life.
View original language description ↓
Haydee Francisca, esta emprendedora, es una mujer muy responsable, trabajadora, tiene por actividad económica la venta de productos lácteos como cuajada, queso, venta de leche de vaca, lo cual está ubicado en su casa de habitación negocio que surgió hace varios años c en el objetivo de tener una herramienta de trabajo para poder sobrevivir y tener un medio digno de vida. Su objetivos es seguir luchando hasta donde Dios le de vida.

Previous Loan Details

Francisca is a hard-working woman who has enjoyed getting her family ahead. For over 42 years she has had her business selling dairy products. Despite being 66 years old, she has been able to maintain her business and through it offer her children their daily bread. The loan that she is requesti... More from Haydee Francisca'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
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Haydee Francisca to buy yogurt, cheese and sell milk products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2012
Listed
Aug 26, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Haydee Francisca. It was first posted on Kiva on Aug, 2011. Learn More