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Marlon Antonio

Update on Marlon Antonio

Marlon grew up just with his mother, without a father figure; he’s a father himself now who watches over his three-year-old son’s development and who wants to see him develop well. Because of this, Marlon and his wife work hard every day in their small business selling mobile phone accessories. He has invested all his loans in inventory purchases but on this occasion he needs to invest in infrastructure to build a room and erect a porch at home. To do so, he needs to buy cement, sand, blocks, iron and gravel. He does all this aiming at providing his son with more comfort and a proper home.
View original language description ↓
El joven Marlon quien creció sin una figura paterna solo con su mama hoy en día es un padre que vela por el desarrollo de su hijo de 3 años a quien desea verlo con una buena formación, por tal razón Marlon y su esposa trabajan arduamente todos los días en su pequeño negocio de venta de accesorios para celulares, en donde todos sus créditos los ha invertido para aumentar su inventario, en esta ocasión vio la necesidad de invertir en infraestructura, hacer su cuarto levantando la pared del porche de la casa, para eso necesita comprar cemento, arena, bloques, hierro y piedrines, esto lo hace con el objetivo de brindarle a su hijo mayor comodidad en un techo digno.

Previous Loan Details

Marlon is a hardworking and diligent man who has plans to improve his standard of living with his business of selling a variety of household and electrical articles. With the previous loan he bought merchandise and that was a boon to his business since he succeeded in selling the products and… More from Marlon 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
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,188,275
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Marlon Antonio to buy cement, sand, blocks, iron and gravel.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014