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Marvin Antonio

Update on Marvin Antonio

Marvin Antonio’s an honest, hardworking man. To this day he continues working as a security guard, a job with much responsibility and risk because he exposes his very life to keep others safe.

He’s very grateful to belong to the great Kiva and Afodenic family. His objective has been to make home improvements that he’s been doing in stages because of his economic situation since he has to cover all his household’s expenses which is why he works day to day to obtain positive results.

With this new loan he will improve a room buying building materials like rebar, cement, wire, sand, blocks, gravel, boards and nails among others attaining with this home improvement one more goal and a better standard for his loved ones which is what’s most essential for him.
View original language description ↓
Don Marvin Antonio, es un hombre honesto y luchador. Hasta el dia de hoy continua con su labor de Guarda de Seguridad, un trabajo de mucha responsabilidad y riesgoso puesto que expone su propia vida para salvaguardar la de terceras personas. Muy agrecido de pertener a la gran familia de Kiva y Afodenic. Como objetivo, ha sido la mejora a su casa, en donde ha venido trabajando por parte, debido a su condicion economica, ya que tiene que cubrir todos los gastos de su hogar por eso trabaja dia a dia para obtener resultados positivos. Con este nuevo financiamiento mejorara un cuarto invirtiendo en la compra de materiales de construccion tales como Hierro, cemento, alambre de amarre, arena, bloques, piedrin, tablas, clavos entre otros, logrando con esta mejora a su vivienda una meta mas y un mejor nivel para los suyos que es lo que mas esencial para el.

Previous Loan Details

Marvin is a hard-working man. He is married and has two children. He currently works in a private company as a security guard. Through a series of loans, he has been able to build his house entirely from concrete. All of his loans have been taken out with the goal of having a decent house fo... More from Marvin Antonio'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 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

  • $3,636
    Average annual income
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $23,461,725
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Marvin Antonio to build a room.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2012
Listed
May 31, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013