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Santos Javier

Update on Santos Javier

Santos, a cabinetmaker by trade, makes all types of furniture. His sales have increased with the loans from Afodenic, being a source of growth. He sells his work to suppliers in a market in the capital, the Mercado Oriental, and other work he sells on order. Of his three children, two are students and one is married. His wife always supports him. She is finishing her studies in law, with the goal of helping with the family expenses and setting an example for her daughters.

Today, this new loan will be used to completely repair the small house he bought with money from selling his house, which is where they live currently. He bought the house with money from selling his house, because it was a small plot of land and there wasn't space to expand a room. This is why he sold and bought on the opposite block, which was the bigger plot.

With this loan he will buy construction materials to begin building higher walls and to plaster and tile, until he has a big and decent home for his family.
View original language description ↓
Santos de oficio ebanista, elaboración de todo tipo de mueble, ventas que ha aumentado con los financiamiento en Afodenic, siendo una fuente de crecimiento, sus trabajos los entrega a proveedores de un mercado de la capital, otros por encargo. De sus tres hijos dos estudian y una es casada, su esposa le apoya siempre y está terminando de sacar su carrera en derecho, con el fin de aportar a los gastos de la familia, y ser un ejemplo para sus hijas.
Hoy con este nuevo préstamo será destinado para reparación completa de esta pequeña casa que compro, que es donde vivirán actualmente. El cual compro con dinero de la venta de su casa. Ya que era el terreno pequeño y no había espacio para aumentar un cuarto, es por tal razón vende y compra en la cuadra de en frente, siendo el terreno más grande. Y que con estos financiamiento comprara materiales de construccion para empezara ah levantar paredes más altas, repellar, embaldosar. Hasta lograr una vivienda grande y digna para su familia.

Previous Loan Details

Santos is a hardworking gentleman and a devoted father to his children. He has his own business making wooden furniture since he is a cabinetmaker by trade. He has invested in wood for several years, using loans from AFODENIC. This has helped increase his capacity to produce more furniture,... More from Santos Javier'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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Santos Javier to buy construction materials for walls, plastering, and tiling.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jul 25, 2012
Sep 1, 2012
Currency Exchange Loss:
Jan 18, 2014