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Francisco Gabriel

Update on Francisco Gabriel

Francisco Gabriel is 42 years old, and is married with two children aged 13 and 9. Francisco makes a living by selling clothes and cosmetics. He sells from home as well as door-to-door. Francisco has 9 years experience in this business. Francisco's routinely works 8 to 10 hours per day, depending on the route that he takes. Every day he leaves home carrying a 20 kilo bag of merchandise to sell in the hot sun to both his regular and new clients. This is the way that he has been able to provide for his family up until now. He has already worked with the Foundation and has demonstrated that he is responsible and pays back in due time and proper form. He needs this loan to invest in working capital and buy merchandise such as adult's and children's clothing, shorts, skirts, blouses, bed linen, and cosmetics - especially since Christmas is coming up and his sales will increase. Having more merchandise will enable him to satisfy his client's demands and increase his profits.
View original language description ↓
Francisco Gabriel de 42 anos de edad, casado con dos hijos de 13 y 9 anos de edad. Francisco tiene por actividad económica la venta de mercadería como ropa y cosméticos. El negocio lo tiene ubicado en su casa de habitación y de forma ambulante. Francisco tiene 9 anos de tener experiencia en el negocio. La rutina diaria de Francisco es trabajar una 8 a 10 horas dependiendo la ruta que trabaje. El todos los días sale a vender con el bulto de 20 kg. Bajo el intenso sol del día a día ofreciendo su mercadería a clientes fijos y eventuales. Hasta hoy esta ha sido su forma de vida y los que le ha permito sacar adelantes a su familia. Él ya ha trabajador con fundación y demostrado su responsabilidad de pago en tiempo y forma. el financiamiento lo necesita para invertir en capital de trabajo y comprar mercadería como : ropa de niño, adultos, short, fadas, blusas, ropa de cama, cosméticos ya que se acerca la temporada navideña y las ventas se incrementa y de dicha forma poder sastifacer la demanda de los clientes y mejorar sus ganancias.

Previous Loan Details

Francisco Gabriel is the father of 2 small children aged 12 and 9 years. He lives with his wife and children. He has been selling new clothes for more than 9 years. He started the business with his wife who supported him so that he could start off selling with a few products. He currently has a w... More from Francisco Gabriel's previous loan »

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).

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
  • 60
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Francisco Gabriel to invest in working capital and stock up on cosmetics, adult's and children's clothing, shorts, skirts, blouses, and bed linen.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 29, 2012
Nov 13, 2012
Currency Exchange Loss:
Nov 17, 2013