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Omar De La Concepcion

Update on Omar De La Concepcion

Omar continues to work toward his goal, to build his own house, along with his wife and children who want to live in better circumstances. For several years, Omar has worked in a private residence, which has added income to pay for his household expenses. It has been a challenge to finish his house because Omar has found it difficult to save enough money at one time to buy materials. Thanks to Afodenic, he will be able to pay for what he needs to finish the roof: beams, zinc, bolts, rust proofing paint, and labor.

He is happy that Afodenic has shown confidence in him by extending a Kiva loan that helps people with limited resources.
View original language description ↓
Don Omar siguen trabajando mucho para lograr su meta, construir su casa propia, junto a su esposa e hijos quieren un bienestar mejor, don omar desde hace varios años labora para una casa privada y asi a podido ayudarse con los gastos del hogar, se le ha complicado mucho terminar su casa ya que para don omar es muy dificil reunir de una sola vez el dinero para comprar materiales. pero gracias a Afodenic el podra comprar lo que necesita. Perlines, Zinc, Golosos, Pintura Anticorrosiva, mano de Obra. para darle un acabado al techo.
Muy contento por la confianza que Afodenic le ha brindado quien a travez de fondo Kiva apoyan a personas de escasos recursos.

Previous Loan Details

Sr. Omar is a resident of the town of Ticuantepe and lives with his wife and children. His plans for the future are to improve his living conditions and provide a better state of well-being for his children. For several years, Don Omar has worked for a private residence. His greatest difficult... More from Omar De La Concepcion'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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,418,800
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Omar De La Concepcion to pay labor and buy construction materials: zinc, beams, and bolts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 21, 2012
Jul 8, 2012
Currency Exchange Loss:
Aug 18, 2013