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Update on Rosalio

Rosalio has been in charge of the radiology department at the municipal hospital for the past 24 years. He is single and has a daughter who is financially dependent on him. Rosalio is known for being very responsible with his obligations and is highly respected by his co-workers and neighbors.

He is requesting a loan so that he can invest in improvements to his home, such as renovating the kitchen. His home is located in District #2 of Nueva Guinea. Rosalio's dream in life is to enjoy good health, continue working, and improve the living conditions that will help his family.

View original language description ↓
Rosalio se desempeña como responsable de Radiologia del Hospital del municipio desde hace 24 años, es soltero, solo una hija depende economicamente de el, Rosalio se caracteriza por ser muy responsables con sus deberes y muy querido por sus compañeros de trabajo y vecinos. Solicita su Credito para invertirlo en mejoras de su vivienda como es arreglo de la cocina ubicada en la zona # 2 de Nueva Guinea, su sueño en la vida es gozar de salud , trabajo y mejorar sus condiones de vida para ayudar a su familia.

Previous Loan Details

Rosalio is 44 years old. For the past 22 years, he has worked for MINSA (Ministry of Health) and has been given the great responsibility of overseeing its daily functions. He is requesting his seventh loan to buy construction materials so that he can renovate the kitchen in his house. Rosal... More from Rosalio'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

  • $4,800
    Average annual income
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,075 helped Rosalio to continue the renovations to his kitchen.
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 24, 2012
Jun 23, 2012
Currency Exchange Loss:
Jul 23, 2012