Update on Jose FranciscoJosé Francisco is 51 years old, married, and has two young children. He is originally from Chinandega, an area known for commerce and as a tourist destination. José owns two businesses since he is a workworker and a disc jockey. As a DJ, he provides services to the public for social events such as birthdays, weddings, 15th birthday parties, and private parties of any kind. As a woodworker, he makes different types of furniture such as beds, cots, wardrobes, doors, and other items.
José Francisco started this business when he was very young in order to suport his household so that his two children do not lack for anything and he can provide them with a better future. One of his dreams is to see them finish their studies and become professionals, which will make him feel accomplished.
He is very grateful for the help that Kiva lenders provide to people with few resources since thanks to them, he has been improving his quality of life and expanding his businesses. He is requesting a loan to invest in his disc jockey business by purchasing two power boxes, power cables, and other accessories.
Previous Loan DetailsJosé Francisco is 50 years old and offers his musical services as a disc jockey. He has operated his modest business for more than 32 years since he started working at a very young age. With his earnings he is able to support his two children who are most important to him. José is very… More from Jose Francisco'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