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Update on Misael

Misael is 25 and single. He has worked for the city as an assistant bricklayer for 3 1/2 years. He is requesting his third loan with the objective of finishing a room on his home so his family will have better living conditions. It's fitting to point out that despite being very young, he is very hard-working. With his previous loan, he bought part of the materials to construct the room, and now he hopes to complete the project. He also knows that the construction will be cheaper now because he will save some on the labor.
View original language description ↓
Misael de 25 años de edad es soltero, labora para la municipalidad como ayudante de albañil desde hace 3½ años. Esta solicitando su 3er credito con el objetivo de terminar la construccion de un cuarto en su casa y asi tener mejores condiciones de vida familiar. Cabe señalar que a pesar de ser muy joven es muy trabajador, y con el credito anterior compro una parte de los materiales para la construccion de su cuarto y en este momento desea llevar a cabo la obra, ademas como el sabe de construccion le va a salir mas barato porque se ahorrara un poco la mano de obra.

Previous Loan Details

Misael is 23 years old and is single. He lives with his mother, Faustina R., along with his 5 siblings, all of whom who work and help with the household expenses. He has worked for one year the mayor’s office in the town of Juigalpa, as a mason’s assistant. He is requesting his first loan, wi... More from Misael'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Misael to build a room.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 11, 2012
Mar 18, 2012
Currency Exchange Loss:
Apr 18, 2013