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Jenny Agustina

Update on Jenny Agustina

Jenny Agustina continues to work as a teacher who, along with her husband, works to build a dignified home. He is also a teacher. Her son works in a pharmacy. Together they were able to build their home out of concrete, with the help of financing from Afodenic, which was flexible in its payments.

They used the money from the previous loan to build the back walls. Now the construction will continue to create a secure and nice home with better hygienic conditions. She will buy building materials, such as cement, iron bars, sand, zinc metal sheeting, and begin work.
View original language description ↓
Jenny Agustina sigue laborando como docente,quien junto con su esposo, se esfuerzan para lograr una vivienda digna, siendo tambien docente, su hijo labora en una farmacia, y juntos estan logrando el objetivo de hacer su casa de concreto, es atraves de los financiamientos que Afodenic ha otorgado, siendo viable a plazos con cuotas flexibles a su disponibilidad.
Con el credito anterior logro abanzar con las paredes de atrás, ahora continuara la construccion, logrando una casa segura, bonita, y en mejores condiciones de higiene. Comprara materiales en bloque, cemento, hierro, arena, zinc y comenzar la obra.

Previous Loan Details

Jenny has worked as an elementary school teacher for more than 26 years. She is now teaching two shifts of classes, and she devotes all of her time to her work. She previously worked selling clothing to have another source of income. Jenny relies on the support of her husband, who is a teach... More from Jenny Agustina'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 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
  • 122
    View loans »
    Nicaragua Loans Fundraising
  • $24,036,450
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Jenny Agustina to buy building materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 30, 2012
Jun 10, 2012
Currency Exchange Loss:
Jul 18, 2013