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Carlos Eduardo

Update on Carlos Eduardo

Carlos is 32 years old and married. His wife is a homemaker. They have 3 children who depend on him and the home where they live belongs to his wife. He has worked as a municipal policeman for the local government for 5 years. His family depends on his salary because he is the only one who works and supports the household. He is requesting a new loan to construct a room in the rear part of his home. This will be the beginning of construction on a new home. The house they currently live in is made of wood and their intention is to build a home entirely of concrete in the future so they will have a place to live in better conditions and with better security.
View original language description ↓
El sr. Carlos de 32 años de edad, es casado, su esposa es ama de casa, tiene 3 hijos que dependen de el, la casa que habita pertenece a su esposa. El trabaja como policia municipal para la Alcaldia desde hace 5 años, del su salario depende toda su familia ya que el es el unico que trabaja y da la manutencion a su hogar. Solicita el nuevo credito para la construccion de un cuarto en la parte trasera de su casa, esto con la intencion de iniciar la construccion de su casa ya que en la que actualmente viven es de madera y sus intenciones son construir toda su vivienda de concreto en un futuro para contar con un lugar con mejores condiciones y mayor seguridad para vivir.

Previous Loan Details

Carlos, 30, has worked at the City Hall of Juigalpa for four years, carrying out the duties of a security guard. He is seeking his third loan with the goal of continuing to improve the home where he lives with his family. This time he will build a room, which will allow him to improve the quality... More from Carlos Eduardo'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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,825
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $650 helped Carlos Eduardo to continue construction on a room.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 19, 2012
Oct 1, 2012
Currency Exchange Loss:
Oct 31, 2012