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Lester Antonio

Update on Lester Antonio

Lester, 44, is a bus driver and his wife takes in laundry from third parties to wash and iron. They both work sun to sun to support their three children the oldest being a 17-year-old daughter. His main wish and main goal is that they become great professionals in life so that they can support themselves.

He’s been using his loans to make home improvements. He used the last one to replace the roof on his house and will now use this new one to install a bathroom. To do so he will buy concrete blocks, cement, sand, iron, paving stones, pipes, toilets and braces. All of this is to seek progress and wellbeing for the family.
View original language description ↓
Don Lester, tiene 44 años es conductor de buses su esposa lava y plancha ropa ajena ambos trabajan de sol a sol para la manutención de sus tres hijos siendo la mayor de 17 años, su deseo y principal meta es que ellos sean grandes profesionales en la vida y se puedan valer solos, sus créditos los ha venido utilizando en mejoras del hogar, su ultimo logro fue cambiar el techo de su casa, ahora con este nuevo crédito desea instalar los servicios higiénicos, para esto comprara bloques, cemento, arena, hierro, piedra cantera, tubos, inodoros, estribos todo en busca de progreso y bienestar para la familia.

Previous Loan Details

Lester is married and his wife is a housewife. Their children are in school. He has been public transport driver for a long time. His goal is to improve the infrastructure of his house and to see his kids grow up to have a career. He has gradually been improving their house. With the past loan… More from Lester Antonio'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

  • $3,636
    Average annual income
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Lester Antonio to buy building materials and supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013