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Augusto Cesar

Update on Augusto Cesar

As always, Augusto still works as a security guard. His wife is a homemaker and keeps the household in order. Their four children are growing more and more each day. They are his pride and joy and he supports them unconditionally in their studies.

He is requesting a fifth loan in order to build the front wall of his house, because it is covered in sheets of zinc. He will need to buy cement, sand, blocks, gravel, and iron, for his property to be safer and have more privacy. Through financing he will be able to achieve this goal, which is very important to him and his family.
View original language description ↓
Don Augusto siempre con su labor de seguridad la esposo es ama de casa vela por el orden del hogar. Sus cuatros hijos creciendo cada día más los cuales son su orgullo y los apoya incondicionalmente para el desarrollo de sus estudios, está solicitando su quinto crédito para la construcción del muro frontal de su casa ya que está cubierto de laminas de zinc, necesitara comprar cemento, arena, bloque, piedrines, hierro, esto para mayor privacidad y seguridad dentro de su propiedad, gracias al apoyo de financiamiento podrá lograr este objetivo tan importante para él y su familia.

Previous Loan Details

Augusto continues working as a security guard, a job of great dedication and responsibility toward other people. With this new loan what he wants is to build the capping beam of his house, in which he will use the following construction materials: metal, cement, stones, concrete blocks, sand,… More from Augusto Cesar'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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,448,750
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Augusto Cesar to purchase cement, sand, blocks, gravel, and iron.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014