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Luis Uriel

Update on Luis Uriel

Luis has worked in the taxi industry for many years, a trade he learned from his father. He is also an experienced mechanic which enables him to know when his vehicle is suffering from a mechanical failure, and this has helped him to sustain his family in terms of food and education. His children are now older and independent.

This time, Luis is requesting a loan to purchase parts for his taxi to ensure that the front wheel steering functions properly, in order to always maintain the safety of his clients. His goal is to work harder so that he will be able to buy another vehicle in future.
View original language description ↓
Don Luis lleva muchos años laborando en el mundo del taxeo, labor que aprendió de su padre además de eso tiene experiencia en mecánica lo cual le facilita saber que fallas mecánicas le presenta el vehículo medio que le ha ayudado a salir adelante con su esposa e hijos en cuanto a la alimentación y educación lo necesario en la vida, hoy en día sus hijos ya son mayores de edad e independientes el continua solicitando crédito en esta ocasión para comprar la pieza para el buen funcionamiento de la dirección delantera del carro y seguir trabajando sin ningún problema manteniendo siempre la seguridad del cliente, su meta es trabajar más para lograr comprar otro vehículo en un futuro.

Previous Loan Details

Don Luis continues to work with his taxi as it is the means by which he supports his family. His wife works as a teacher and their children are in school. In everyday life, there are days when he has many passengers and others when he does not, which affects his business as the cost of fuel is… More from Luis Uriel'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
  • 149
    View loans »
    Nicaragua Loans Fundraising
  • $23,163,975
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luis Uriel to purchase steering parts for his taxi.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013