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Francisco Javier

Update on Francisco Javier

Francisco Javier is 47 years old and works as a guard for a private security firm. He has three children, aged 18, 17 and 14. Two are at high school and one is studying at university though he is still responsible for them. Along with his wife, Francisco has put in a lot of effort for the family to do well and has given his children the best possible education. Francisco has had six loans, with which he has changed his family's life. He built a new room on his house, giving more space at home and one of his aims is to continue working so as to be able to provide better living conditions for his family and improve the home. Because his salary is not enough for the home improvements, Francisco would like a loan to buy construction materials such as ceramic, bathroom tiles, zinc and cement, among other things.
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Francisco Javier tiene 47 años de edad, él es trabajador activo de una empresa privada que brindan los servicios de Vigilantes, tiene tres hijos dos estudiando en secundaria y uno en la universidad con edades de 18, 17 y 14 años, que aún están a su cargo, el con su esposa han logrado con muchos esfuerzos poder salir adelante con sus hijos dándoles lo mejor han podido que son sus estudios, él tiene seis créditos con los cuales les ha cambiado la vida en su familia, porque ha logrado construir un cuarto ahora tiene más espacio en su hogar, una de sus metas es seguir trabajando y poder brindarles una mejor condición de vida y así mejorar su vivienda, aunque con su salario no le ajusta para las mejoras que necesita realizar en su hogar, por lo tanto él está solicitando un financiamiento de crédito para la compra de materiales de construcción como cerámica, azulejos para un baño, zinc, cemento y otros.

Previous Loan Details

Friancisco Javier is 46 years old, he works as a guard in one of the private firms in the area. He has made a living in this way for various years. He has three children who are in his care, who are studying. Together with his wife they struggle to help their children get ahead by providing the b... More from Francisco Javier'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Francisco Javier to do some home improvements, with ceramic and zinc, among other things.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Dec 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014