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Alejandro

Update on Alejandro

Alejandro is 40 years old; his wife helps him with the basic household expenses by selling tortillas and cooked beans. Alejandro is a salesman, he is always working by buying and selling pork, beef and chicken which he cuts and sells to his customers. He has worked in this field for over 13 years and has been the main source of income for his family. Alejandro seeks his fourth loan to buy more pork, beef and chicken to keep increasing his customers and needs the money as work capital to keep succeeding in his business.
View original language description ↓
Alejandro un joven de 40 años de edad, su esposa le ayuda con los gastos básicos con la venta de tortilla y frijoles cocidos, Alejandro es comerciante, siempre dedicándose a la compra y venta de cerdos, res y pollo el cual destaza y vende la carne a sus clientes con los que tiene ya 13 años de trabajar, tiempo durante el cual es el sustento principal de la familia. Esta solicitando su cuarto crédito para comprar más cerdo, res y pollo para seguir aumentando su clientela, por lo que necesita ese dinero como capital de trabajo y seguir progresando en su negocio.

Previous Loan Details

Alejandro is 38 years old, married and has three children. He has a small business selling beef and pork. He started this business ten years ago with money that his family lent him. He has been investing a little at a time. Since he doesn't have enough capital to buy cattle or pigs, he buys on... More from Alejandro'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 Nicaragua

  • $3,636
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Alejandro buy more pork, beef and chicken.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013