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Update on Oscar

Oscar continues to work at a discothèque in the capital, but he has gone through many changes in his life. He previously lived at his mother’s small house, which was better for the common welfare of his family. Today he and his wife have moved to his father-in-law’s house where he has set up a small refreshment stand and snack bar that sells tacos, hamburgers, and fried plantains with cheese. His goal is to save enough money so that he can buy his own property and provide stability for his family.

With this new loan, Oscar will invest more into his business. He hopes to buy greater quantities of food, flavored soft drinks, plates, glasses, spoons, forks, tablecloths, tables, and small advertisements to attract new customers. Oscar hopes to accomplish this goal and grow his business. His wife manages the business at night since he leaves for work in the afternoon. His job provides a fixed source of income.

View original language description ↓
Oscar, sigue laborando en una discoteca de la capital , pero ha tenido mucho cambios en su vida. Anteriormente, vivia con su mama en su pequeña casa, el cual estaba mejorando para el bienestar comun de la familia. Hoy en dia se traslado con su esposa a la casa de su suegro, en donde puso un pequeño negocio de refresqueria y venta de tacos, hamburguesa, tajadas con queso, con el proposito de ahorrar dinero y tener su propia propiedad, dando a su familia estabilidad.
Con este nuevo prestamo podra, invertir mas en el negocio, el cual espera hacer mas cantidad de comida, mas refrescos de sabores, compra de platos, vasos, cucharas, tenedores, manteles, mesas, pequeñas promociones, para llamar la nueva clientela. El cual espera lograr el objetivo y crecer. Por las noches es su esposa quien atiende el negocio, ya que el por las tarde entra a su trabajo, el cual es una entrada fija de ingresos.

Previous Loan Details

Oscar is a young man who is 25 years of age. He is working, but has few financial resources. Oscar is married and has two beautiful children. He works in shifts as a bartender at a discothèque and has been in this job for several eyars. His greatest wish as a father is to provide a decent ... More from Oscar'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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Oscar to buy food, soft drinks, plates, glasses, spoons, forks, tablecloths, tables, and pay for small advertisements.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 25, 2011
Nov 4, 2011
Currency Exchange Loss:
Jun 18, 2013