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Leoncio De Maria

Update on Leoncio De Maria

Leoncio is a trout merchant; he’s been in sales 27 years. His children are studying and his greatest priority is that they prepare themselves. He’s notable for being a tenacious, responsible gentleman. His plans are to continue improving his house which with so much effort and help from the institution he’s been able to advance with.

The reason for asking for this new loan is to finish and plaster the walls and to do so he needs to buy concrete blocks, sand, tie wire, cement, rebar and gravel, among others and to start an additional project he’s set out for himself: to obtain security for his home and other family members.
View original language description ↓
El señor Leoncio se dedica al comercio de truchas variadas con mas de veintisiete años en las ventas. Sus hijos estudian y que se preparen es su mayor prioridad. se caracteriza por ser un caballero luchador y responsable. Tiene planes de seguir mejorando su casa que con tanto esfuezo y con la ayuda de la institucion ha podido ir avanzando. El motivo que le llevo a impulsar a solicitar este nuevo financiamiento es la conclusion y repello de paredes por lo que necesitara comprar bloques, arena, alambre de amarre, cemento, hierro, piedrin entre otros; y empezar otro proyecto mas que se ha trazado en su vida. obteniendo seguridad para su hogar y demas familiares.

Previous Loan Details

Don Leoncio is a street vendor who has been in business for over 26 years and also works as a concierge. He and his wife have been able to make some home improvements but their goal is to finish construction. With loans through Afodenic he was able to begin construction, which has advanced… More from Leoncio De Maria's previous loan »

Additional Information

About AFODENIC

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
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $23,163,400
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Leoncio De Maria to finish building and plastering the walls.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2012
Listed
May 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013