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Agustin

Update on Agustin

Agustin is 41 years old and has worked for the Hospital del Rama for the last 23 years as a nurse's assistant. He is asking for his 7th loan with the purpose of finishing the construction of the rooms in his house as with the previous loan the work was not completed, only the walls built. He now wants to finish the details that were pending such as plastering and tiling the rooms and so improve his family's living conditions.
View original language description ↓
Agustin de 41 años de edad trabaja para El Hospital del Rama desde hace 23 años, desempeñandose como Enfermero Asistencial. Esta solicitando su 7mo. credito con el objetivo de terminar la construccion de los cuartos en su casa, pues con el credito anterior no culmino la obra, solamente levanto paredes y ahora quiere terminar los detalles que le quedaron pendientes como repellar y embaldosar los cuartos y asi contar con mejores condiciones de vida para su familia.

Previous Loan Details

Don Agustin, age 40, is single and has one school-aged child. He has worked in the MINSA del Rama for 17 years as a nurse's assistant. He is requesting his sixth loan to continue improving his home, this time raising 2 walls. He has the foundation; with his previous loan he was able to tile his h... More from Agustin's previous loan »

Additional Information

About AFODENIC

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 83
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Agustin to finish building.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2011
Listed
Oct 9, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2013