Check out some available loans that are similar to this one!
Armando José

Update on Armando José

Armando José, 43, is a married man with hopes of improving in all areas of his life. He insists that the support he’s had from his wife has been fundamental for him attaining everything he’s set out to. Together is how they’ve been able to advance until they’ve reached their desired end which is to start to do some home improvements.

On this occasion, he needs the requested loan to build a room. To carry out this plan he will need the following materials: cement, sand, rebar, concrete blocks, gravel, braces and tie wire, among others so that he can attain privacy for his marriage.

His future plan is to open a motorcycle spare parts shop, a more profitable business that will generate better living conditions for his little son who is barely a year old and for his wife. He is grateful for the trust Kiva and Afodenic place in him so that he can reach his dreams and enjoy more comfort.
View original language description ↓
El señor Armando jose, de 43 años de edad, casado es un señor con deseos de superacion en todas las areas de su vida. Asegura que el apoyo brindado por su señora esposa le ha sido fundamental para llegar a lograr todo lo que el se ha propuesto. Juntos es como han podido avanzar hasta llegar al fin deseado el cual es comenzar hacerle mejoras a su vivienda. En esta ocasión el credito solicitado lo requerira para la construccion de un cuarto. Para llevar a cabo dicho plan hara usos de los siguientes materiales de construccion: cemento, arena, hierro, bloques, piedrin, estribos, alambre de amarre entre otros; mediante el mismo obtendra privacidad para su matrimonio. Sus poyectos a futuro es instalar una distribuidora de repuestos de motos, negocio que le sea mas rentable y por ende le genere mejores condiciones de vida para su pequeño hijo de apenas un año de edad y su señora esposa.Agradece la confianza que le brinda Kiva y Afodenic para realizar sus sueños y disfrutar de una mejor comodidad.

Previous Loan Details

Armando is a tailor by profession. He and his wife work in garment-making and have more than three years of experience, during which they have increased their production. With the help of loans from AFODENIC, Armando feels very satisfied to be able to sell more. Armando's goal is to have his o... More from Armando José'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

  • $3,636
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Armando José to buy building supplies to build a room.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 30, 2012
Apr 20, 2012
Currency Exchange Loss:
May 17, 2013