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Jose Del Carmen

Update on Jose Del Carmen

Jose T. is the head of his family and the father of four gorgeous children who are still school-age; they attend one of the high schools in Managua, our capital city.

For now, Jose continues to drive his own taxi, which he has been doing for approximately the last eleven years. This is his main way of providing the best for his children and for his wife. The Señor works irregular shifts, in spite of the difficulties that occur in his line of business such as the increase in cost of gasoline, and the daily increase in other people having their own taxis, among other things.

His income isn't sufficient to cover fully the basic necessities of his household. However, this is his seventh lending cycle, and he thanks the micro-lender and Kiva for their unconditional support and for helping improve the standard of living for his family.

This new loan will be used for the construction of a room, which will allow more privacy in his home.
View original language description ↓
Jose T. jefe de familia y padre de cuatro hermosos hijos quienes aun se encuentran en la etapa de escolaridad; estudiando en uno de los colegios de nuestra capital Managua. Por ahora continua administrando su propio taxi que ha sido desde hace once años aproximadamente su principal medio para el brindarle lo mejor a sus hijos y su señora esposa. Manifiesta el señor quien labora en turnos irregulares que a pesar de las dificultades encontradas en su oficio como lo es el alza de la gasolina, la mayor demanda que crece dia a dia por contar otras personas con su propio taxi entre otras. Sus ingresos no son los mejores para el cubrir totalmente las necesidades basicas de su hogar. Sin embargo siendo este su septimo ciclo de credito agradece a la micro-financiera y a kiva por su incondicional apoyo y por ayudar a mejorar el nivel de vida de los suyos. Este nuevo credito lo ocupara para la construccion de un cuarto mediante del cual obtendra mayor privacidad dentro de su vivienda.

Previous Loan Details

Jose has his own business. He spent ten years gathering the funds to be a taxi driver, and having his own cab has helped him with his finances. His wife is a merchant and they both take care of their four school-aged children. Jose has improved his house with the loans that have helped him... More from Jose Del Carmen'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 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

  • $4,800
    Average annual income
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Jose Del Carmen to construct a room in his home.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 26, 2012
Apr 15, 2012
Currency Exchange Loss:
May 17, 2013