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Edwin Jose

Update on Edwin Jose

Edwin is still in his job as a security guard for a business. He has been married for 10 years and has two children, who are bigger every day. They study in a public school because he doesn't have enough income. This is why he supports himself with his job selling fermented milk.

This loan he's requesting is to build a wall on the back part of his house. It's wood and very deteriorated, so he needs to increase the materials he already has by buying cement, cinder blocks, sand, and rebar to secure his property and home.

Because he's making this investment, Edwin wants to set up a dining room in the future to better serve his customers and offer a wider variety of food. It has been difficult to achieve this, but he hopes to do it in time.
View original language description ↓
El joven Edwin siempre con su trabajo como guarda de seguridad en una empresa, tiene 10 años de estar casado sus dos hijos cada vez más grandes, estudian en un colegio público ya que sus ingresos no son lo suficientes, por eso se apoya con las ventas del puesto de leche agria, este crédito que solicita es para levantar una pared de la parte trasera de su casa ya que es de madera y esta muy deteriorada, para ello necesita reforsar los materiales que ya tiene comprando mas cemento, bloques, arena, hierro para asegurar su terreno y vivienda así a como está haciendo esta inversión en un futuro Edwin desea poner un comedor para atender mejor a sus clientes y ofrecer mayor variedad en alimentos, lo cual se le ha hecho difícil lograrlo, pero tiene la esperanza de lograrlo con el tiempo.

Previous Loan Details

Edwin is married and is a father. He sells fermented milk [similar to yogurt] as a street seller. He also works as a security guard and takes orders from the area where he works. His wife also sells from their house, increasing the household income. Their plan is to improve the infrastructure of ... More from Edwin Jose'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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Edwin Jose to buy cement, cinder blocks, sand, and rebar.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013