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Dagoberto Margarito

Update on Dagoberto Margarito

Dagoberto continues providing his taxi service. He's making a better profit since it's his own taxi, although he is earning less now since gasoline is very expensive. He is charging a little more per ride, since demand is low, to earn a daily living. His wife is a housewife. Two of his children are married, and one is in school.

For Dagoberto, improving his home is his priority, since through the [prior] loan that was granted, he was able to make improvements to his taxi; with this new loan, he will finish closing in a room, buy a door, and lay tile. He will buy ten sheets of Plycem [a cement fiber plywood substitute], nails, a door, sand, and cement to start the work, with the objective of improving his living conditions.
View original language description ↓
Don Dagoberto sigue dando su servicio de taxi, obteniendo mejores utilidades ya que es de su propiedad, aunque ahora tiene menos ganancias, ya que la gasolina está muy cara, y se cobra un poco más la carrera, estando la demanda baja, ganando para el sustento del día. Su esposa es ama de casa sus hijos, dos casados y una estudia, para él la mejora a su vivienda es de prioridad, ya que a través de financiamiento otorgados le ha sido posible la mejora a su taxi, y con este nuevo préstamo terminara de cerrar un cuarto, comprara puerta y embaldosado.
Comprara: diez laminas de playcem, clavos, puerta, arena y cemento para comenzar la obra y el objetivo al mejorar sus condiciones de vida.

Previous Loan Details

Dagoberto is 59 years old, married, and the father of three children who are students. Dagoberto has faced many difficulties, but has managed to get ahead. Working as a cadet, he suffered an accident whereby he was unable to work for six months and had to rely on the support of his family. ... More from Dagoberto Margarito'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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Dagoberto Margarito to buy construction materials to finish closing in a room and improve his living conditions.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 23, 2012
Sep 3, 2012
Currency Exchange Loss:
Sep 18, 2013