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Lenin Gustavo

Update on Lenin Gustavo

Lenin is a hardworking, driven man; his greatest priority is his family and his home. He works for a private firm and his greatest dream in life is to have better living conditions. He will use this new loan to buy building materials like cement, sand, gravel, iron rods, etc. He’s thankful for the support Afodenic and Kiva have provided him.
View original language description ↓
El señor Lenin, hombre trabajador y luchador, para el su mayor prioridad es su familia y su hogar, el labora para una empresa privada, y sus mayor sueño en la vida es tener mejores condiciones en su casa de Habitacion, con este nuevo financiamiento comprara materiales de construcion como Cemento, Arena, Piedrin, Hierro etc. Agradece el apoyo que le han brindado tanto Afodenic como Fondo Kiva.

Previous Loan Details

Sr. Lenin is a resident of the town of Ticuatepe, where he lives with his family. With his first loan, he was able to make improvements to the floor of his home. His plans for the future include improving his living conditions. Lenin works for a private company, but his salary is not adjusted ... More from Lenin Gustavo'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
  • 113
    View loans »
    Nicaragua Loans Fundraising
  • $23,731,525
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Lenin Gustavo to buy building supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2013
Listed
Jan 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014