Update on Juan FranciscoJuan Francisco is 48 years old, married, and has three children that he cares for. They study at university. He is originally from Leon, a place located in the western part of the country. Juan is known for being a hardworking, responsible man with a personal desire to succeed. He has worked hard to provide a better future for his children, since he himself was not able to go to school due to a lack of resources.
With a spirit of grace and a desire to get ahead, he has a hardware store in his home. The business consists of selling building materials such as zinc metal sheeting, lime, cement, iron, lumber, girders, nails, wire, and other things. He spends about 10 hours a day on his business and enjoys it very much. His objective for this loan is to stock his business so that he can have a better income in the near future. Juan Francisco is grateful to the Kiva lenders who help people of limited resources in poor countries like Nicaragua, so that they can have dignified work.
Gracia a su espíritu y sus ganas de salir adelante tiene por actividad económica una ferretería ubicada en su casa de habitación. El negocio consiste en la venta de material de construcción como zinc, cal, cemento, hierro, madera, perlines, clavos, alambres entre otros. El dedica a su negocio unas 10 horas diaria, actividad que la disfruta mucho. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de material de construcción, para que en un futuro no muy lejano pueda obtener mejores ingresos. Juan Francisco agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsJuan Francisco is 45 years old. His source of income is a hardware store, he has been in this business for over six years. This is not his first experience with loans, which have been a big help to the business. He has proven to be an excellent client who enjoys talking with his customers. ... More from Juan 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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