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Pedro Pablo

Update on Pedro Pablo

Pedro Pablo is 54 years old and is the father of 3 children. He is married. He has worked for 16 years as a driver and body guard. He has used his loans for improvements to his house. He needs this loan to change out the roof on his house because it is in very bad shape. It has holes in it and in the winter, rain gets in. He needs to buy zinc roofing and pay for labor. He wants his children to have a better future than he had. This is why, as a good father, he supports them very much in their studies.
View original language description ↓
Don Pedro Pablo de 54 años de edad padre de 3 hijos, casado, trabaja hace 16 años como conductor- escolta, sus créditos los ha utilizado para la infraestructura de su casa. Este crédito lo necesita para cambiar el techo de su vivienda ya que están en muy mal estado con orificios y en invierno se pasa el agua por lo que necesita comprar zinc y el pago de la mano de obra. Desea que sus hijos tengan un futuro mejor que el que tuvo el, es por eso que como buen padre los apoya muchísimo en sus estudios.

Previous Loan Details

Pedro is single and his children are in school. His goal is to see them become professionals. For some time he has worked as a driver for a private company and his job carries a lot of responsibility with it. He plans to make home improvements so his children can live in a more comfortable... More from Pedro Pablo's previous loan »

Additional Information

About AFODENIC

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Pedro Pablo to buy zinc roofing and pay for labor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013