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Jose Francisco
Jose Francisco is married, and is a native of the city of Chinandega, which is located in the western region of the country. He works buying and selling general merchandise such as: clothing for children and adults, shoes, knick-knacks, gold, silver and bronze jewelry, and plastic products among other things. He makes his purchases in cash in a market in another area. He then distributes his merchandise to business in this city and other commercial centers. He has fixed and prospective clients that pay in cash and on credit which he collects weekly or biweekly.

He started his business with his own money, searching for a way to make a living because due to a lack of financial resources, he was not able to attend college and had to work from a young age to help with the household expenses. His day starts very early, and he works in his business about 10 hours a day offering his merchandise as a traveling salesman.

The goal of this loan is to invest in working capital and stock his business of buying and selling new clothing, shoes, cosmetics, and plastic products among others, so that in the near future he can improve his earnings.
View original language description ↓
Jose Francisco mayor de edad casado originario del municipio de Chinandega ubicado en el occidente del país, se dedica a la compra y venta de mercadería en general como: ropa juvenil y adultos, cosméticos, zapatos, chineria, prendas de oro, plata y bronce, productos plásticos entre otros mas, realiza sus compras al contado en mercados de otra localidad, luego distribuye a comerciantes de esta municipio, y a centros de trabajos tiene clientes fijos y eventuales los cuales da al contado y al crédito recuperando semanal o quincenal. inicia su negocio con fondos propios buscando una forma de vida, debido a que por falta de recursos económicos no pudo cursar una carrera y se vio obligado a trabajar desde temprana edad Para ayudar con los gastos del hogar, su jornada diaria empieza desde muy temprano dedicándole a su negocio unas 10 horas diarias ofreciendo su producto de forma ambulante.El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de ropa nueva, zapatos, cosméticos, productos plásticos entre otros, para que en un futuro no muy lejano pueda obtener mejores ingresos.

Additional Information

Fundación Leon 2000

This 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).

About Nicaragua

  • $4,800
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,400 helped Jose Francisco purchase general merchandise such as: a variety of clothing styles, shoes, cosmetics, and plastic products among others.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 13, 2014
Mar 10, 2014
Currency Exchange Loss:
Apr 9, 2014