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Miguel Ángel

Update on Miguel Ángel

Miguel is a hardworking man who, along with his wife, has plans to improve the infrastructure of his house. His previous loan was a great help with the improvement project. In this new loan cycle, he will continue gradually with the work of completing the construction of his home. He will buy construction materials such as: cement, sand, gravel, cement blocks, brackets, steel liners, planks of wood, support beams, paint for the support beams, steel nails, corrugated metal roofing sheets, steel and other materials that are needed to build a room that will be added to the house. In this way he will have more comfort, since currently he and his wife are are sleeping in a single room with his children. He is grateful for the ongoing support that is allowing him to meet his goals and is providing his family with benefits.
View original language description ↓
Miguel trabajador, junto a su esposa tiene como proyecto mejorar la infraestructura de la vivienda. El préstamo anterior fue de gran apoyo para el mejoramiento. En este nuevo ciclo de préstamo será utilizado para seguir poco a poco con la obra de ver su casa construida por completo, compra de materiales de construcción como: cemento, arena, piedrines, bloques, estribu, camisas, tablones de madera, perlines, pintura para perlines, clavos de acero, laminas de zinc, hierro, entre otros materiales que se requieren para la construcción de un cuarto que se anexara a la casa, así obtendrá comodidad ya que actualmente están durmiendo en un solo cuarto con sus hijos. Agradece a la financiera por el apoyo constante para cumplir sus metas y brindarle a su familia beneficios.

Previous Loan Details

Miguel Ángel A. R. is 51 and married. They have 2 grown children. The eldest is in university, studying journalism. The youngest is in pre-school. Miguel works as a driver on a school route. His father got him into this work, as he survived on this work as well. Aguilar and his family live in a s... More from Miguel Ángel'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Miguel Ángel to add a room to his house.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 15, 2011
Dec 1, 2011
Currency Exchange Loss:
Apr 18, 2013