Check out other loans that are currently fundraising!
Candido Humberto

Update on Candido Humberto

Cándido is always working, making mattresses, and has been keeping his business going with the help of loans through AFODENIC and using the money to buy supplies. This is why he is requesting another loan through AFRODEC and Kiva. He is very grateful and will use the money to buy four bolts of printed and solid fabric. This small investment will allow him to keep selling so that he can help his two children continue studying. He wants to take advantage of being healthy and will continue supporting them, as the single father he is, until they are on their own and can support themselves. His greatest dream is to expand his workshop so that he can have more merchandise in the market. Cándido is a manager at another company, but his mattress job is more profitable and benefits his family better.
View original language description ↓
Don Cándido siempre con su labor de hacer colchones quien para mantener su negocio ha hecho barios prestamos a afodenic para invertirlos en materia prima, misma razón por la que está solicitando nuevamente apoyo de crédito a Afodenic y Kiva con los que está muy agradecido, para comprar 4 camionadas de tela, estampada y liza, con esta pequeña inversión su propósito es seguir vendiendo como siempre para ayudar a sus 2 hijos a que sigan estudiando y que lo aprovechen al máximo mientras él tenga salud y trabajo los va a poyar como padre soltero que es, hasta verlos independientes y se puedan valer por si solos, su sueño más grande es poder ampliar su taller para expandir su producto en el mercado, cabe mencionar que don Cándido es de profesión administrador de empresa pero le es más rentable su trabajo como costurero y hacer colchones para el beneficio de su familia.

Previous Loan Details

Cándido works at his business selling mattresses. He plans to improve his living conditions. Previously, he invested in materials to fulfill his orders. He also plans to expand his business. Cándido is requesting the loan to purchase materials such as plain and printed fabrics, cloth strips, mats... More from Candido Humberto'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 Nicaragua

  • $4,800
    Average annual income
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,557,075
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Candido Humberto to buy fabric.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014