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Francisco Ramon

Update on Francisco Ramon

Francisco is grateful for having been granted his first Kiva loan, with which he was able to buy supplies such as glue and buckles to make men’s girdles and wallets. His requests have increased and he has more customers. He always keeps in mind that he wants to have his own factory, but his main priority is providing his son with a good education.

He needs this loan to buy leather in quantity, buckles, and snaps. Some day he wants to export products.
View original language description ↓
Francisco, expresa su agradecimiento por brindarle la oportunidad de su primer crédito Kiva con el cual el logro comprar materia prima como cuero, pegamento y hebillas para cumplir con la elaboración de fajas y billeteras para caballero, su pedido aumentado tiene un poco más de clientela. Siempre mantiene en su mente los planes de lograr tener su propia empresa industrial de fajas y billeteras pero su principal prioridad es darle una buena educación escolar a su hijo.
Está requiriendo este financiamiento para compra cuero al por mayor hebillas, broches. Espera algún día lograr exportar sus productos fuera del país.

Previous Loan Details

Francisco is 56 years old and originally from Managua. He currently lives in Estelí. Francisco has been making men's belts and wallets for 30 years. He is the father of three children, two of whom are still in his care. Francisco started his business with his own money at the age of 27 becaus... More from Francisco Ramon'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

  • $4,800
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Francisco Ramon to buy supplies.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Dec 29, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013