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Leoncio De Maria

Update on Leoncio De Maria

Leoncio, a man alone because his wife emigrated abroad seeking employment, continues with the business of selling costume jewelry that he’s been in for some time. He sells it from place to place and also gets economic support from his wife. This is how he supports his children who are attending school. He’s asking for his 9th loan to invest in his infrastructure, especially to expand the rear of the house to give it a better appearance and to get a bit more space. To do so, he will buy cement, sand, concrete clocks and iron rods. Leoncio has gradually used his little income to improve his home repairing the roof, dividing rooms, plastering walls because his wish is to have prosperity with his family.
View original language description ↓
Don Leoncio, un hombre solo debido a que su esposa emigro fuera del país en busca de empleo, el continua con el negocio de las ventas de bisuterías desde hace mucho tiempo, los vende de manera ambulante también cuenta con el apoyo económico de su esposa, así mantienen a sus hijos quienes estudian, está solicitando el noveno crédito para invertir en infraestructura específicamente ampliación de la parte trasera de su casa para dar mejor apariencia y obtener un poco más de espacio, para esto comprara cemento, arena, bloques y hierro, don Leoncio con pocos ingresos ha ido poco a poco haciéndole mejoras a su vivienda reparando techo, divisiones de cuartos, repello de paredes, porque sus deseos es la prosperidad con su familia.

Previous Loan Details

Leoncio is a trout merchant; he’s been in sales 27 years. His children are studying and his greatest priority is that they prepare themselves. He’s notable for being a tenacious, responsible gentleman. His plans are to continue improving his house which with so much effort and help from the ... More from Leoncio De Maria'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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $23,505,525
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Leoncio De Maria to buy sand, cement, concrete blocks and iron rods.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2012
Listed
Jan 10, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013