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Douglas Antonio

Update on Douglas Antonio

Douglas is a hardworking man and a carpenter with plans to keep improving not only the infrastructure of his business but also his standard of living. With the previous loan cycle he immediately replaced his worn-out tools for new ones which was of great benefit as his work improved. He is asking for a loan to invest in the purchase of raw materials such as wood, 'pleyboo' prints, locks, white glue, wardrobe mirrors, wood sealer, zener, hinges, veneers, nails and other products used in the manufacture of wardrobes, dressers, nightstands. He is grateful to the financing institution for the support in growing his business in the time he has had his business.
View original language description ↓
Douglas hombre trabajador, carpintero, con planes de ir mejorando tanto la infraestructura de su negocio como su nivel de vida. Con el ciclo anterior del préstamo sustituyó en el momento las herramientas ya gastadas. Siendo de beneficio por qué mejoro su trabajo.
Solicita el préstamo para invertirse en la compra de materia prima como: maderas. Laminas de pleyboo, cerraduras, pega blanca, espejos para ropero, sellador de madera, zener, bisagras, aladera, clavos, entre otros productos que se ocupan en la elaboración de roperos, gaveteros, mesas de noche. Agradece a la financiera por el apoyo del desarrollo de su negocio a lo del tiempo que tiene de tener su negocio.

Previous Loan Details

Douglas is married. His wife is a merchant and his children are in school. He is a carpenter by trade and with the help of his family today he has his own carpentry shop. He started out as an apprentice but today he has great expertise in making beautiful furniture and other wooden sideboards. With… More from Douglas Antonio'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 Nicaragua

  • $3,636
    Average annual income
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $23,150,325
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Douglas Antonio to buy materials to make wooden furniture.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012