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Franklin Antonio

Update on Franklin Antonio

Franklin is a resident of the municipality of Ticuantepe, and he works for a private company. His wife works selling clothing and together they have been able to support their family. Franklin's biggest dream is to finish the construction of his house, and thanks to the help that he will receive from this loan he will be able to finish the floor and part of the roof. He will use the loan to buy the following materials: ceramic, cement, ceramic spacers, zinc, and metal rafters. Franklin is very grateful for Afodenic, through which Kiva has supported him.
View original language description ↓
El señor Franklin habitante del municipio de Ticuantepe, trabaja en una empresa privada, su esposa es comerciante vende ropa, juntos han sacado a su familia adelante, su mayor y gran sueño es terminar su casita, gracias al apoyo que se les ha brindado y con este nuevo credito estan terminando el piso y parte del techo de la casa compraran los siguientes materiales: Ceramica, Cemento, separadores de ceramica, zinc y perlines muy agradecido el señor Franklin con Afodenic quien atraves de Fondo Kiva le han apoyado.

Previous Loan Details

Franklin used to work as a salesman but now he works for a private company. His wife took over the business. Franklin's dreams are to be able to finish building his home and to support his children so that they can continue in school and become professionals. Franklin is very grateful to Kiva ... More from Franklin 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

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $850 helped Franklin Antonio to buy construction materials including ceramic and zinc.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 31, 2012