Update on Dionicio GuadalupeDionicio is a hard-working man. He continues to work as a taxi driver since that has been his means of supporting his children. His wife, who is a merchant, considers it important to support her husband with the household expenses since those are growing by the day and they have more obligations to pay for the basic services they use. One of Dionicio's main objectives is to start construction on a wall and raise the level of his home. He turns once again for a microloan to enjoy a fifth credit cycle, which he will use to provide more security for himself and his family. Because of the season his taxi business isn't as lucrative, which is why he hasn't achieved his goal of finish building his home once and for all. With the loan, he plans to purchase the following materials: iron, sand, bricks, cement, gravel, wire, beams and other items and thus begin the work.
Previous Loan DetailsBy profession, Dionicio is a taxi driver with over 22 years’ experience. He owns the taxi. His children are adults and his wife is a clothing and shoe merchant. Dionicio has improved his house’s infrastructure quite a bit. With previous loans he managed to finish the walls and with saving... More from Dionicio Guadalupe's previous loan »
About AFODENICThis 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.
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