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Francisco Rene
Francisco Rene is a 44-year-old married man with two children. He is from the district of Chinandega. Ten years ago he took the initiative to start a business selling merchandise door-to-door. He works hard, making his sales in different cities in the area. His wife is a domestic employee, which is very hard work that pays very little.

For this reason Francisco wants to increase his inventory of goods so that he can make more sales, so that his wife will not have to be employed in such a difficult job.

He is seeking this loan in order to buy items such as clothing, cosmetics, jewelry and accessories. His greatest dream is to make improvements to his home, but first and foremost he hopes that his children can have professional careers.
View original language description ↓
Francisco Rene es un hombre de cuarenta y cuatro años de edad, casado y padre de dos hijos, es originario del departamento de Chinandega. Hace diez años tuvo la iniciativa de iniciar un negocio de venta de mercadería en general de forma ambulante, trabaja arduamente ya que realiza sus ventas en diferentes municipios del departamento; su esposa es empleada doméstica, trabajo que es muy duro y muy mal remunerado, razón por la cual Francisco quiere aumentar el capital de su negocio para incrementar sus ventas y que no sea necesario que su esposa se dedique a esa labor tan dura. Francisco solicita el crédito para poder comprar artículos como ropa, cosméticos, adornos y joyería. Su mayor sueño es realizar mejoras en su vivienda, pero primordialmente que sus hijos puedan formarse profesionalmente.

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).

About Nicaragua

  • $3,636
    Average annual income
  • 148
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Francisco Rene to buy clothing, cosmetics, jewelry and other accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014