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Douglas Antonio

Update on Douglas Antonio

Douglas keeps working as a carpenter Mondays to Saturdays. He has three people who help him fulfil his clients' wholesale orders. He has a stall at one of the markets of Managua, which is very beneficial to his sales, since it is very frequented. This helped him improve his family's quality of life. In the future, he hopes to produce more furniture and have his own credit line. With this fourth loan, he will buy plywood, wood, mirrors, and padlocks, in order to make the type of furniture he specialises in, namely wardrobes and chests of drawers. He is very happy with his current situation, since, thanks to his business and to the help he received with the loans, his spouse and children have been doing increasingly well. He hopes his children will become talented professionals.
View original language description ↓
El joven Douglas trabajando siempre en su carpintería en donde labora de lunes a sábado con 3 personas más, quienes le ayudan a avanzar con los encargos de sus clientes que le compran por mayor, está ubicado en uno de los mercados de Managua ahí le facilita la venta ya que es bien concurrido el lugar, esto le ha ayudado a sacar adelante a su familia y en un futuro desea expandir mas su producción y tener su propia línea de crédito, con este cuarto financiamiento desea invertir comprando plywod, madera, espejos, cerraduras para reforzar su especialidad en la elaboración de roperos y cómodas, está muy contento porque con su negocio y el apoyo de los créditos ha podido ir prosperando con su esposa y sus hijos cuyo objetivo es que ellos sean grandes profesionales.

Previous Loan Details

Douglas is a hardworking man and a carpenter with plans to keep improving not only the infrastructure of his business but also his standard of living. With the previous loan cycle he immediately replaced his worn-out tools for new ones which was of great benefit as his work improved. He is asking... More from Douglas 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 Nicaragua

  • $3,636
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Douglas Antonio to buy the materials necessary to make furniture.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013