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Damar Cirilo

Update on Damar Cirilo

Damara Cirilo, 34 years old, has worked in an educational center in Nueva Guiea as a security guard for the last 2 years. He is characterized as being honest, honorable, and hard-working in his relations with his community and work companions.

Damara is requesting a loan with the objective of investing in the construction of an annex to his home, located in zone 7. he has 2 children for whose welfare he works and is motivated each day. His principal objective is to provide them with a house in better condition so that they can grow up in an agreeable environment.

It is worth mentioning that he has already benefitted from Kiva financing and he wishes to thank Kiva investors. With these loans he has been improving his home. The previous loan helped him to replace an old roof in bad condition with a new roof.
View original language description ↓
Damar Cirilo de 34 años de edad, labora en un centro educativo en Nueva Guiea, como guarda de seguridad desde 2 año, se caracteriza por ser honesto, honrado y trabajador, donde se relaciona con su comunidad y compañeros de trabajo. Solicita su crédito con el objetivo de invertirlo en la construccion de un anexo en su vivienda ubicada en la zona # 7, tiene sus dos hijos por los que trabaja y se motiva cada dia su objetivo principal es dejarle su casa en buenas condiciones y que crezcan en un ambiente agradable. cabe mencionar que ya ha sido beneficiado con financiamiento de Kiva a quien agradece y con estos creditos ha venido mejorando su vivienda ya que con el credito anterior logró cambiar el techo que estaba en mal estado.

Previous Loan Details

Damar Cirilo, 33, has been working for a year as a guard at an education center in Nueva Guinea. He is known for being honest, honorable, and hardworking in his relationships in the community and with coworkers. He is requesting his first loan with the goal of investing it in home improvement... More from Damar Cirilo'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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,075 helped Damar Cirilo to continue improving his home.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 21, 2012
Aug 7, 2012
Currency Exchange Loss:
Sep 6, 2012