Update on Jorge AdrianJorge Adrian is a very responsible father. Since his youth he has worked to support his parents and then his family. He started in a Trico textiles company in production, and then began to work in a lathe company where he learned the trade that he practices until now, today working in his own company. He started with money borrowed to buy the machine and raw material. Married, his wife is a hair stylist and cutter, working at home and at customers’ homes to contribute to expenses. Two of his children are married and the youngest is studying at the university.
Adrian has worked with Afodenic for eight cycles, which has allowed him to make improvements to his home and invest in his business. With this new loan he will buy raw materials: iron, bits, aluminum, gray steel, plastics, and blades. He will also continue to offer good lathing services to his customers.
Adrian tiene ochos ciclos trabajando en Afodenic lo que le ha permitido, hacer mejoras a su vivienda, e invertir en su negocio. Con este nuevo préstamo comprara materia prima en: hierro, broca, aluminio, acero gris, plásticos y cuchillas. Y seguir ofertando a sus clientes un buen servicio de torno.
Previous Loan DetailsJorge is single and has children who are students. This hardworking gentleman has plans to offer his family better living conditions. He has been a lathe mechanic by profession for quite some time and started in this trade with the help of his father and brother. He intends to expand his works... More from Jorge Adrian's previous loan »
About AFODENICThis 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.
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Success!! The loan was 100% repaid