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Francisco Ramon

Update on Francisco Ramon

Francisco is from the city of Estelí and he’s a merchant by profession. He’s been working making and selling leather goods for a long time. He’s grateful to Kiva and to MiCrédito because he’s already succeeded in making various products for his customers who accepted them because of their quality and good design.

He’s asking for this loan to buy thread, leather and buckles, among others, in order to fill customer orders. He figures that the loan will be of great help for him to get ahead since it’s a great opportunity for him to increase his inventory and his income.

He hopes to become well-known throughout the city by means of catalogs that feature his designs like leather purses. He considers himself to be a man with many hopes for improvement and who with God’s help and his family’s will continue moving forward.
View original language description ↓
Don francisco es originario de la ciudad Estelí. Es de oficio comerciante, se dedica a la elaboración y venta de productos de cuero desde hace tiempo. Está agradecido con kiva y MiCredito, ya que logro elaborar diversos productos para sus clientes, los cuales fueron aceptados por su calidad y buen diseño. Solicita este crédito para comprar: hilos, cuero, hebillas entre otros, con el fin de elaborar pedidos para abastecer a sus clientes. Estima que el crédito será de mucha ayuda para salir adelante, ya que es una gran oportunidad para aumentar su inventario e ingresos. Tiene como expectativa ser reconocido en toda la ciudad a través de catálogos que muestren sus diseños, como son los bolsos de cuero. Se considera un hombre con muchos deseos de superación que con la ayuda de Dios y su familia seguirá adelante.

Previous Loan Details

Francisco is a humble trader from the Esteli region who has made a living making leather products for thirty years. He has benefited from MiCredito and Kiva, which has allowed him to expand his workshop. He has a larger clientele and has improved his income. He currently needs this loan to buy an... More from Francisco Ramon's previous loan »

Additional 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 Nicaragua

  • $4,800
    Average annual income
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $225 helped Francisco Ramon to buy thread, leather, buckles, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 21, 2013
Currency Exchange Loss:
Jan 18, 2014