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Francisco Wilberto

Update on Francisco Wilberto

Mr Wilberto lives in the municipality of Ticuantepe with his wife and children. His greatest dream is to improve his children’s living conditions and give them a decent, safe home. His greatest difficulty is that he cannot raise all the money to buy materials to use. With this new loan he will buy the following materials: purlins, cement, iron, supports, etc.

He is grateful for the help Afodenic has given him through Kiva funds.
View original language description ↓
El señor Wilberto, habitante de municipio de Ticuantepe junto a su esposa e hijos, su mayor sueño es darle mejores condiciones a sus hijos y darles un hogar digno y seguro, su mayor dificultad es que no puede recaudar todo el dinero para comprar los materiales a utilizar. con este nuevo Financiamiento comprara los siguientes Materiales: Perlines, Cemento, Hierro, Estrivos, etc. Agradece el apoyo que Afodenic le ha brindado a travez de Fondos Kiva.

Previous Loan Details

Wilberto lives with his family in the Ticuantepe municipality. The future plan he has for his family is to help improve the conditions of their life given that, for many years, he has struggled to make their humble home better. He feels very content for the support that Afodenic provides by means… More from Francisco Wilberto'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
  • 170
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Francisco Wilberto to buy construction materials.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013