Update on Francisca MarisolFrancisca Marisol, who is 40 years old, is a single mother with a 10-year-old son. She is originally from Paz Centro, an area that was located in the western part of the country. Paz Centro is known for its food, such as the quesillo and the tiste. Sadly, Francisca could not pursue an educational career because of a lack of economic resources, but she would have liked to become a registered nurse.
Thanks to the entrepreneurial spirit and her will to get ahead, she earns money by selling sweets and cakes, such as candies, lollipops, spiced bread, and torta with milk. She has been doing this out of her house for four years. The the photo, we can see her preparing the dough for the bread in order to make her cakes. The routine for her is to work some 10 hours per day offering her product. The objective of the loan is to invest in the working capital and supply her business in the purchase and sale of materials such as flour, sugar, butter, milk, and yeast, so that in the not-so-distant future she will be able to earn a higher income. Francisca Marisol is thankful for the help of the people who loan through Kiva, who bring people the resources they need to earn a dignified living.
Gracias a su espíritu de emprendedor y sus ganas de salir adelante es que tiene por actividad económica la venta de repostería y pasteles, como pico, cachos, totas de pasa, dedos, rin, pan de especies, torta de leche. Desde hace 4 anos ubicado en su casa de habitación. En la foto observamos a la sra. Francisca preparando la masa del pan para elaborar sus reposterias. La rutina de ella es trabajar unas 10 horas diarias ofreciendo su producto. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta materia prima como arina,azucar,manteca,lecha,levadura. Para que en un futuro no muy lejano pueda obtener mejores ingresos. Francisca Marisol agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos para tener un medio de trabajo digno.
Previous Loan DetailsFrancisca Marisol provides a milling service. She has had this business for more than 5 years. She started in the business because she was selling cereals, corn, wheat, etc. but, over time, she decided to set up her own mill and provide this service to the people who live nearby and also some who… More from Francisca Marisol's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid