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Francisco Jose

Update on Francisco Jose

Francisco is a married man, father of three children he supports and provides schooling for. His wife helps him with the little she earns selling products via catalog. He continues working as a taxi driver heading to various points in the city risking his life because nowadays assaults occur even in broad daylight.

Francisco is requesting this loan hoping to improve his home’s conditions; he wants to plaster the walls and install tile still leaving for later installing windows and doors among other things he’s been unable to do so far because of his limited resources.
View original language description ↓
Don Francisco, es un señor casado, padre de familia con tres hijos a los que mantiene y les da estudios, su esposa le ayuda con lo poco que gana de sus ventas de productos por catálogos, el continua su labor como taxista recorriendo diferentes puntos de la ciudad arriesgándose la vida, ya que hoy en día los asaltos están a la luz del día. Don Francisco solicita este crédito con el ánimo de mejorar las condiciones de su hogar, desea repellar paredes y poner cerámica, dejando pendientes el poner ventanas, puertas entre otras cosas que no ha podido realizar por falta de mejores ingresos.

Previous Loan Details

Don Francisco, a cadet, works every day for his family's well-being. He has worked for more than three years. He was a driver, driving the capital's urban routes. He is married with three children. His wife sells clothing and cosmetics, and together they have been able to build their home. It re... More from Francisco Jose's previous loan »

Additional Information

About AFODENIC

This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more 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 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

  • $3,636
    Average annual income
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Francisco Jose to buy cement and tile.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014