Update on Guillermo AlbertoGuillermo continues providing a taxi service in the capital city, Managua. His work is tiring but it has helped him to provide for his family and he earns good profits because he owns his own taxi. He has the financial support of his wife who has a small sales spot in a market where she sells handicrafts.
Guillermo has been paying for general maintenance work to be carried out on his vehicle through loans from Afodenic. In the past he used to have the work carried out in stages but now, with this opportunity, he is able to have everything done at once. This allows him to provide his customers with a good service and a safe journey. He will use this new loan to buy four tires, shock absorbers, bolts, a battery and a window motor. He will also pay labor costs.
Don Guillermo ah venido dando mantenimiento general a su vehículo, atreves de los financiamiento obtenidos en Afodenic, ya que anteriormente lo hacía por parte el revidado del auto y ahora con esta oportunidad lo hace general, teniendo un buen servicio y carrera a sus clientes. Comprara con este nuevo préstamo: cuatro llantas, amortiguadores, punta flecha, batería, motor parabrisas, par de tijeras y mano de obra.
Previous Loan DetailsDon Guillermo has worked as a taxi driver for six years. While working throughout this time, he saved up enough money to buy his own taxi. Today needs he needs to maintain the motor of his vehicle. Thanks to a loan provided by AFODENIC, he will be able to pay for repairs to his taxi.
About AFODENICThis 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.
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