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Ricardo  Jose

Update on Ricardo Jose

Ricardo, 38, is single and has no children. He has experience working in different areas, such as jewelry and pool hall activities, but has never gotten good results. For the last two years he has been working in the tire repair business and it is going well for him. To continue increasing his income he is requesting a loan to buy 15 used tires and lubricants to sell. His plans for the future are to expand the business and form a family.
View original language description ↓
El señor Ricardo, tiene 38 años, soltero, sin hijos experimento diferentes tipos de trabajos como joyerías, tuvo unos billares y ninguno le dieron buenos resultados, ultimadamente se dedica a la vulcanización hace 2 años el cual le va muy bien y para seguir aumentando sus ingresos económicos solicita su segundo crédito que solicita para poder comprar 15 llantas usadas en buen estado para el negocio, porque también las vende y quiere invertir en lubricantes, sus planes para en un futuro es agrandar el negocio y formar una familia.

Previous Loan Details

Ricardo, 37, has a business of his own: a tire repair shop that he’s had for a year. He used to have a pool hall but it wasn’t profitable so he decided to totally change to recuperate the lost investment. He supported his family with savings he’d earned from work. He’s single and lives with ... More from Ricardo Jose'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 Nicaragua

  • $4,800
    Average annual income
  • 111
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,400 helped Ricardo Jose to buy 15 used tires and lubricants.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 29, 2012
Nov 1, 2012
Currency Exchange Loss:
Dec 1, 2012