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Fransisico Javier
Señor Francisco Javier M. Balmaceda is 47 years of age and is married. Don Francisco has two children, his oldest son is 12 years old and is in his fifth year of elementary school and his daughter is three years of age and is not yet in school. His partner in life works on her own. His goals are to increase his business now that he is focused in the progress of his business. He hopes to get another urban route to secure the future of his children and wife so that, one day, his children can be in charge of the business and will have the experience necessary to manage all of the situations that present themselves. He dreams to expand his transportation services so that he has a larger clientele and to support his family since this could be one of the ways for his income to cover the household expenses.



He is a transportation provider offering his services as a street vendor. He has had this business for 4 years. Don Francisco started this business with a used vehicle. He started using this vehicle once he had all of his papers in order and completed the process to allow his vehicle to travel throughout the streets. It has not been easy to do. To acquire this vehicle, Don Francisco had to ask his family for a loan and, with his earnings, he has been able to pay back the debt little by little. He thanks God for having decent and humble work to support his family. The loan is for business capital since he needs the services of a mechanic to repair certain parts of his vehicle. Now that he travels in rural areas it is necessary to constantly check the vehicle to ensure the safety of his customers.

View original language description ↓
El Señor Francisco Javier M. Balmaceda tiene la edad de 47 años, su estado civil es casado, Don Francisco tiene 2 hijos su edades son las siguientes su hijo mayor de 12 años y cursa el 5 grado de primaria y su hija de 3 años de edad que no estudia, su compañera de vida labora por cuenta propia, sus propósitos son de incrementar su negocio ya que sus preposiciones están enfocadas en el progreso de su negocio, sus deseos son de obtener otra ruta urbana para asegurar el futuro de sus hijos y de su esposa para que el día de mañana sus hijos puedan hacerse cargo del negocio y tenga la experiencia necesaria para manejar todas las situaciones que se les presenten, sus sueños son de expandirse como transportista para lograr tener mas clientela y mantener a su familia ya que este seria uno de los métodos para que el dinero ajuste para los pagos del hogar y de la familia.

La actividad económica a la que se dedica es transportista, la ubicación de su negocio es de forma ambulante, el tiempo que tiene de poseer su negocio es de 4 años, Don Francisco inicio este negocio con un vehiculo usado por lo que así fue como empezó a trabajar con este vehiculo tenia que realizar los tramite para que su vehiculo recorriera las calles con todos sus papeles en orden por lo que no fue nada fácil llevar a cabo sus propósitos Don Francisco al adquirir este vehiculo tuvo que hacer un préstamo a su familia y con las ganancias obtenidas ha logrado pagar la deuda poco a poco y agradece a Dios por tener un trabajo digno y humilde para la manutención de su familia, el financiamiento es para capital de trabajo ya que necesita los servicio de un mecánico para arreglar ciertas partes de su vehiculo ya que en los lugares donde transita son de acceso rural por lo que es necesario el chequeo constante de este vehiculo además tiene que proporcionar la seguridad a sus clientes.

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
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 20.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Fransisico Javier business Capital.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2009
Listed
Jan 30, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010