Check out some available loans that are similar to this one!
Juan Rafael

Update on Juan Rafael

Juan Rafael, 46, is a head of household with two beautiful children, only one of whom is in school and in his care. For several years he has worked as an accountant. His wife is a secretary and helps cover household expenses. Together they have been able to renovate their home little by little with their savings and the help of micro-loans. For a third time he is requesting a loan through Afodenic to continue home improvements. He will finish with the tile and front of the house. The construction materials he needs to begin work are: bags of cement, blocks, sand, gravel, wire, and iron among other items. In an effort to increase his income he has decided to buy a taxi which will improve his economy so he can pay off debts.
View original language description ↓
Don Juan Rafael, jefe de familia tiene la edad de 46 años con dos hermosos hijos de los cuales solo uno de ellos esta estudiando y depende de el, desde hace varios años trabaja como contador. Su esposa quien es secretaria le ayuda con los gastos del hogar. Juntos es como ellos han podido ir poco a poco mejorando su vivienda mediante ahorros y ayuda de micro-creditos. Con este su tercer ciclo de financiamiento en Afodenic siendo siempre su principal proposito el hacerle mejoras a su vivienda acude una vez mas a la institucion para llevar a cabo el embaldozado y cerrar parte frontal de su casa, misma construccion que requerira la compra de los siguientes materiales de construccion: bolsas de cemento, bloques, arena, piedrin, alambre de amarre, hierro entre otros y asi comenzar la obra. Con el objetivo de mejorar sus ingresos decide comprar un taxi y asi de esta forma tener una entrada mas a su economia y cumplir con sus compromisos de pago.

Previous Loan Details

Juan is the father of two and he is married. His wife works as a secretary and he has been an accountant for many years. His goal has been the construction of a house that he has been building with his own savings. He is ready to complete the bathroom and to improve another room. He will purc... More from Juan Rafael'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
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Juan Rafael to buy construction materials.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Apr 18, 2012
May 7, 2012
Currency Exchange Loss:
Mar 15, 2013