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Update on Fidel

Fidel has three adult children. He was able to raise them with the support of his job as an accountant for a private business. However, over time, he began to work as a taxi driver and now has twenty years of experience with this work. His wife takes care of the home. Fidel is requesting this loan because he wants to put up a false ceiling in his home. Little by little, he works on repairing his home so his grandchildren can inherit it and remember him by it. With this loan, he will buy sheets of Plycem, a type of cement fiberboard, and materials for a doorframe.

His plan for the future is to open an eatery as a business instead of driving a taxi on the streets. He is tired of this work because it wears him out and, sometimes, it is dangerous.
View original language description ↓
Don Fidel tiene tres hijos mayores de edad a quienes dio crecer con su trabajo como contador para una empresa privada pero con el tiempo se dedico a taxear y ahora lleva 20 años desempeñándose en esa labor, su esposa ama de casa. Don Fidel con este crédito solicitado desea poner el cielo raso de su casa y poco a poco la ira reparando para darles como herencia a sus nietos para que lo recuerden siempre, con el crédito comprara láminas de plycem y materiales para el marco.
Su plan a futuro es poner un comedor como negocio y no andar en las calles manejando de lo cual ya está cansado de este oficio ya que es bien desgastante y a veces hasta peligroso.

Previous Loan Details

Fidel is 49 years old. He is committed to supporting his family. He works as a taxi driver and has been providing his service for several years. He owns his own vehicle, having bought it with his savings and severance pay from his previous job as a meter reader. Fidel will use this loan to ... More from Fidel'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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $25,049,000
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Fidel to buy sheets of Plycem and materials for a doorframe.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 17, 2012
Dec 1, 2012
Currency Exchange Loss:
Dec 17, 2013