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Francisca Candelaria

Update on Francisca Candelaria

Francisca is 57 years old, married and has one 21 year old son that studies at the university. She is originally from Nagarote, a place characterized by its typical foods like quesillo (tortilla with cheese filling), tiste (traditional beverage) and the production of mud bricks. Her business is selling food from her home. The funding she is requesting is for improvements to her home consisting of constructing a kitchen and changing the roof in order to provide better services to her customers. The funding will buy construction materials like: sand, zinc cement, slake lime, bricks, beams, nails and blocks. Francisca's dream is the help her son finish university. Francisca appreciates the assistance the Kiva investors provide to people with fewer resources and poor countries like Nicaragua to provide a decent shelter in which to live.
View original language description ↓
Francisca de 57 años de edad, casada, con un hijo de 21 años que estudia en la universidad. Ella es originaria de Nagarote, lugar que se caracteriza por sus comidas típicas como el quesillo, tiste, y producción de ladrillos de barro. Ella tiene por actividad económica la venta de comida, ubicada en su casa de habitación. El financiamiento lo está solicitando para realizar mejoras en su casa de habitación que consisten en construir una cocina y cambiar el techo para brindar mejor servicios servicios a sus clientes. Con el financiamiento comprar material de construcción como: arena, cemento zinc, cal, ladrillos, perlines, clavos, bloques. El sueño de francisca es ayudar a su hijo que termine la universidad. Francisca agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para brindarle un techo digno donde vivir.

Previous Loan Details

Francisca is 55 years old. She lives in the town of Nagarote and her business is selling meals in her home where her customers come to savor the different dishes that she makes. One of Francisca's main challenges is time since, in spite of the fact that she gets up early, she has to do her hous... More from Francisca Candelaria'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
  • 117
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Francisca Candelaria to invest in construction materials to make improvements in her home where she sells food. The materials she will buy are: sand, zinc cement, slake lime, bricks, nails, beams and blocks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Francisca Candelaria. It was first posted on Kiva on Mar, 2011. Learn More