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Jimmy Francisco

Update on Jimmy Francisco

Jimmy, a shopkeeper, lives in Granada where he owns a small general store. He is requesting his first loan to purchase merchandise to stock his store, which will permit him to meet some of his customers’ needs. Now, he wishes to stock his store with new products such as cosmetics, shampoo, skin cream, cleaning products, and basic grains. This will allow him to continue offering variety, attract new customers, and improve his family’s living conditions.
View original language description ↓
Jimmy, de oficio comerciante, habitante de la ciudad de Granada, dueño de una pulpería. El solicito su primer crédito para comprar mercadería para surtir su pulpería, esto le permitió el mejorar sus ingresos, suplir parte de las necesidades de sus clientes. Ahora quiere surtir de nuevos productos su pulpería, es por eso que solicita un crédito para comprar cosméticos, shampoo, cremas para la piel ,productos de limpieza, granos básicos. Esto le permitirá seguir ofreciendo variedad, atraer nuevos clientes y mejorar la condición de vida de su familia.

Previous Loan Details

Jimmy is 35, and has a small business. He is from Granada and studied to be a dental technician. He started out as a businessman three years ago with the general store that he managed to set up with a loan from a friend. This was when he was working alongside his wife in a dental clinic in Managu... More from Jimmy Francisco's previous loan »

Additional Information

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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $23,814,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Jimmy Francisco to purchase cosmetics, shampoo, skin cream, cleaning products, and basic grains.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013