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Jorge Luis

Update on Jorge Luis

Luis has been working as a taxi driver for 5 years. He is a public accountant, but due to the level of unemployment in the country at the moment he is not working in his chosen profession. He has a son who is 15 years old. Both himself and his wife work every day and are willing to work all hours, all for their daughter to get ahead. His wife works night shifts in a casino. His work as a taxi driver is a help to her as he can drive her home very late at night.

With this new loan he is thinking about buying a navigation system for the car. This will provide greater security as travels through the streets with passengers, as he has the responsibility as the driver and he wants to ensure that his clients travel safely.
View original language description ↓
Don Luis Tiene 5 años de trabajar como taxista, es contador público pero debido al desempleo actual del país no ejerce su profesión, tiene un hijo de 15 años, en conjunto con su esposa trabajan a diario no importando los horarios todo para sacar a delante a su hija, la esposa labora en un casino en turno nocturno lo que le ha facilitado su trabajo como taxista ya que la apoya a llevarla a altas horas de la noche de regreso a casa, con este nuevo crédito piensa comprar juego de dirección del carro para tener mayor seguridad al andar en las calles con pasajeros ya que esto es una responsabilidad del conductor y el desea que sus clientes viajen seguros.

Previous Loan Details

Jorge is a hardworking man. He is married and has a young son who is a student. He is a taxi driver and has his own vehicle which he bought with his savings and with help from his brother. Jorge’s wife also contributes to the household through her work as a supervisor. In the future they would... More from Jorge Luis'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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Jorge Luis to buy a car navigation system.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013