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Berman Martin

Update on Berman Martin

Berman Martin is 32 years old, married and lives with his family composed of his wife and two children going to elementary school. Berman is asking for his 3rd loan to build a wall at home to prevent his yard from flooding when it rains because he does not want his daughters to become ill due to the dampness.
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Berman Martin de 32 años de edad es casado, habita junto a su familia compuesta por su esposa y sus 2 niñas que actualmente cursan la primaria. Don Berman esta solicitando su 3er credito con el objetivo de construir un muro en su casa pra evitar que su patio se llene de agua cuando llueve, ya que no quiere que sus hijas se le enfermen por la humedad.

Previous Loan Details

Berman Martin, 31, is married and has two daughters. Belkis, age 8 and Grisell, age 11, both attend elementary school. His wife, Ivania, works as a domestic employee and helps with the household expenses. Berman is asking for his first loan to buy doors and windows for his house. The ones he ... More from Berman Martin'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 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

  • $4,800
    Average annual income
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,409,250
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Berman Martin to build a wall.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Sep 8, 2011
Oct 10, 2011
Currency Exchange Loss:
May 15, 2012
This photo was used before for a previous loan for Berman Martin. It was first posted on Kiva on Jan, 2010. Learn More