Update on Francisco AntonioFrancisco Antonio is 59 years old, married and lives in the department of Chinandega in the west of the country. He works as a driver for a transport company. He struggles day to day to provide a netter future for his family. He is an honest, hard-working, high-principled and most of all responsible person. One of his dreams is to improve his house. But due to his modest resources he can't make the necessary improvements to his home.
Francisco Antonio is requesting this loan to install ceramic tiles to have better living conditions. Completely renovating his house has been one of his dreams for quite a few years now. With the last loan he was able to work on the roof of his house and now in the winter the rains no longer affect them. He affirms that the loans have changed the life of his family for the better, providing more stable living conditions
Previous Loan DetailsFrancisco Antonio, 48, works as a teacher for a local school, where he has been employed for several years. He has a son in his care who is still in school. His greatest dream is to see his son finish his education. Francisco wants to renovate his home and is requesting a loan to buy cement,… More from Francisco Antonio'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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