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Update on Francisco

Francisco works as a traveling salesman. He is helped by his wife, who supports him in selling cosmetics. He travels to different departments of the country to offer his products and make some sales, as this business is the only source of income that helps him maintain his home and cover the school expenses of his children, who depend on him. He is requesting a loan to invest in his small business, as he lacks sufficient products to sell.
View original language description ↓
Don Francisco, trabaja vendiendo de manera ambulante, se ayuda junto a su esposa quien le apoya en vender los productos de cosméticos, el viaja a diferentes departamentos del país para ofrecer sus productos y lograr hacer unas ventas, siendo su único medio de ingreso que le ayuda a mantener su hogar y los gastos de colegio de sus hijos quienes dependen de él. Solicita crédito para invertir en su pequeño negocio ya que carece de productos suficientes para comercializar.

Previous Loan Details

Francisco is married and his wife is a merchant. His son is studying for a technical degree and his priority is his education. He has his own business and he and his wife work together to get ahead. He sells clothing and cosmetics and started his business with microcredit funds. He will use ... More from Francisco's previous loan »

Additional Information


This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more 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
  • 29
    View loans »
    Nicaragua Loans Fundraising
  • $26,396,925
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Francisco to purchase a variety of clothing and cosmetics.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 19, 2013
Apr 24, 2013
Currency Exchange Loss:
Apr 16, 2014