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Vicente Azael

Update on Vicente Azael

Don Vicente lives in El Coral, in the region of Granadino, and works as an advisor to the mayor's office. He also owns his own farm and livestock, activities that make up his main source of income for the well-being of his family. His agricultural activities are accomplished together with his wife and children, and he needs this financing to invest in some improvements to his house. He needs to lay down tile and also do some painting, and this will allow him to enjoy better living conditions, along with his family. References in his community consider him to be a responsible person, well-mannered, and also progressive. He hopes to benefit from this financing to be able to bring his yearned-for project to a close; I ask that the requested amount be approved.
View original language description ↓
Don Vicente habitante de El coral, Comarca el Granadino, se desempeña como consejal de la Alcaldia, tambien es propietario de su propia finca y su inventario ganadero, actividades que conforman su principal fuente de ingreso para el bienestar de su familia, las actividades del campo las realiza en conjunto con su esposa y sus hijos, requiere de este financiamiento para invertirlo en algunas mejoras en su casa de habitacion, como puesta de seramica y pinturas a la misma, esto le permitira gozar de mejores condiciones de vida en conjunto con su familia, referencias en su localidad lo consideran como una persona responsable, de buenas culturas y ademas progresivo, espera ser beneficiado con este financiamiento para poder llevar a cabo su preyecto anhelado, solicito se le apruebe el monto solicitado.

Previous Loan Details

Vicente Azael from the community of the Granadino Municipio el Coral has worked for the mayor's office for one year. He is a man who likes to improve himself and help his family, as they have limited economic resources. He is seeking his first loan from AFODENIC, which will be invested in home im... More from Vicente Azael'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 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

  • $3,636
    Average annual income
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Vicente Azael to lay down tile.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2011
Listed
Jan 19, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013