Check out some available loans that are similar to this one!
William Edmundo

Update on William Edmundo

24-year-old William Edmundo works as a high school teacher one week a month. The rest of the time he works on his mom's farm in Nuevo León, growing root vegetables and tubers. This makes him additional income for his family. His wife takes care of the housework as she still hasn't found a decent job.

William is requesting a loan to invest in buying building supplies so that he can expand his little house in La Esperanza.

William's dreams are to finish his university studies, to improve his home's infrastructure, and to enjoy job stability.
View original language description ↓
El joven William Edmundo de 24 años de edad, se desempeña como docente de secundaria una semana en el mes, el resto de los dias trabaja en la finca de su mamà quienes se dedican a la siembra de raices y Tuberculos en la colonia Nuevo Leòn de los cuales obtiene otros ingresos familiares, su esposa se encarga de los quehaceres del hogar ya que aun no ha encontrado un trabajo digno.

Solicita su Crèdito para invertirlo en compra de material de construcciòn y asi poder ampliar un poco la casita en colonia la Esperanza.

Su sueño es culminar sus estudios universitarios, mejorar la infraestructura de la vivienda y gozar de estabilidad laboral.

Previous Loan Details

William is seeking refinancing of his second loan to finish construction of a bedroom. William has worked as a primary school teacher for three years, in spite of the fact that he has no children. He helps his mother with household expenses because money is tight. William is very responsible... More from William Edmundo'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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $725 helped William Edmundo to buy building supplies.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 19, 2012
Oct 2, 2012
Currency Exchange Loss:
Nov 1, 2012