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Update on Esteban

Esteban keeps on running his grocery store. His activity has grown a lot in the past few years, as he has been able to offering more products and to gain more customers thanks to his own money and to a loan received from Afodenic, and in this way he has succeeded in improving his family’s standard of living, in owing a stable activity and in living in a safe house. He and his wife work hard for the wellbeing of their family, and they live together with their three children, two of whom are studying while the eldest has a job. Esteban also continues working as a mechanic whenever his services are required.

The new loan he is currently requesting will be used to build two rooms at the end of the courtyard, in order to give some privacy to his children. He will buy stone, sand, cement, iron, gravel, wooden planks, support and other materials to start the works.
View original language description ↓
Don esteban sigue con su negocio, una pulpería que ha crecido en todo estos años, al ofertar más productos y la captación de clientes, con dinero propio y préstamo en Afodenic, el cual ha mejorado las condiciones de vida para su familia, al tener un negocio solido y una vivienda segura. Vive junto a su esposa ambos esforzándose para el bien comun, de sus tres hijos, solo dos estudian y el mayor trabaja. Esteban sigue haciendo sus trabajos de mecánica cuando lo buscan.
Hoy con este nuevo préstamo, construirá dos cuarto en la parte del fondo del patio, con el fin de que sus hijos tengan privacidad. Materiales a comprar: piedra, arena, cemento, hierro, piedrín, tablas de madera, estribos y otros para comenzar la obra.

Previous Loan Details

Esteban is storekeeper of a grocery store that he runs with his wife. Their business has been open for 11 years. Though by profession he is a mechanic, he does not practice much because he injured his feet in an accident. With this other income he is able to pay his basic expenses. Esteban ... More from Esteban'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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $25,384,750
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,275 helped Esteban to buy stone, sand, cement, iron, gravel, wooden planks, support and other materials to build two rooms.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 18, 2012
Aug 3, 2012
Currency Exchange Loss:
Sep 2, 2012