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Marvin David

Update on Marvin David

Marvin David, 35 years old, has worked as a taxi cab driver for 10 years. This is a very tiring and dangerous job in certain areas of the city and it is how he supports his family every day. Through his job and with help from his wife, who works as a cashier at a gas station, he has been able to send his son to a private school.

He will use the loan he is requesting to repair his car, which he has to drive long distances every day as well as over some streets that are in a bad condition in Managua. He needs to buy tires, shock absorbers and a radiator so his car can hold up a bit longer until he can afford to buy another vehicle through a taxi cab cooperative. This is what he plans to do in the future so he can continue supporting his family.
View original language description ↓
Marvin David de 35 años de edad tiene 10 años de trabajar como taxista, un trabajo muy cansado y peligroso en ciertas zonas de la ciudad, es el sustento diario para su familia, por este medio ha podido tener a su hijo en una escuela privada con la ayuda de su esposa quien trabaja como cajera en una gasolinera, con el crédito solicitado desea reparar su carro al que somete a trabajo diario por distintos lugares y en algunas calles en muy mal estado de Managua por lo que necesita comprarle llantas, amortiguadores y el rayador, para que le pueda durar un poco más por mientras logra obtener otro vehículo taxi por medio de una cooperativa de taxis el cual está en sus planes a futuro, para poder seguir apoyando a su familia.

Previous Loan Details

Marvin is the father of a family of two children and is married. His wife works in a duty-free zone and both help to balance the household expenses of food, education, and basic expenditures, among others. He has his own taxi which he bought with his savings as a driver for bread sales and lo... More from Marvin David'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
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Marvin David to buy tires, shock absorbers and a radiator.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013