Update on Pedro PabloPedro continues working as a driver, his children continue studying, and his wife does washing and ironing to to contribute to the household expenses, and so he is able to continue going forward with improvements to his home, since both of them have the same objective of improving their housing.
With the previous loan he could make room partitions, which gave his family more comfort and security.
Now with this new loan he can begin a perimeter wall at the back of his property, keeping his family safe from criminals, and be able to safeguard his property more securely.
Ya que ambos tienen el mismo objetivo de mejorar su vivienda, con el credito anterior pudo hacer divisiones de cuarto, lo que dio a su familia mejor comodidad y seguridad. Hoy con este nuevo financiamiento podra comenzar muro perimetral en la parte de atrás de su terreno. Cuidando a su familia de la delicuencia, y que al cerrar, tendra su propiedad mas cuidada.
Previous Loan DetailsPedro is single and his children are in school. His goal is to see them become professionals. For some time he has worked as a driver for a private company and his job carries a lot of responsibility with it. He plans to make home improvements so his children can live in a more comfortable... More from Pedro Pablo's previous loan »
About AFODENICThis 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.
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Success!! The loan was 100% repaid