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Adolfo

Update on Adolfo

Adolfo continues with his taxi business; he’s been providing service for 11 years. His children are attending school and his wife works as a teacher and sells nacatamales [Nicaraguan-style tamales] on the weekend helping him to cover basic expenses.

Adolfo wants to replace the roof. The one he has is made of Nicalit and it’s in poor shape which is why he wants to buy metal sheeting, purlines and screws to improve the roof and safeguard his family. These are improvements he’s been accomplishing with loans gotten from Afodenic.
View original language description ↓
Adolfo continua con su negocio de taxi, pues lleva once años dando su servicio, sus hijos cursando el año escolar y su esposa labora como docente y vende nacatamales el fin de semana apoyándolo en los gastos básicos.
Don Adolfo desea cambiar el techo, el que tiene es nicalit, en mal estado, por tal razón comprara zinc, perlines, golosos, para mejorar su techo y asegurar a su familia. Mejoras que ha venido logrando con los financiamientos dados por Afodenic.

Previous Loan Details

Adolfo provides a taxi service. Thanks to his efforts to improve and change, he gets ahead in life. Adolfo has been working for ten years. His wife is a saleswoman and she helps him cover their family expenses. They have four children who are all in school. Adolfo has been working with loa... More from Adolfo'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

  • $4,800
    Average annual income
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Adolfo to buy building supplies to replace the roof.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2012
Listed
Jul 6, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013