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Luis Miguel

Update on Luis Miguel

The young, 24-year old Luis is married. His wife is a homemaker, and he has 3 dependent children.

The client has been working for a year for the town hall as a municipal policeman. His wife as well as his children depend on him, as he is the only one who works.

He is applying for this new loan to build a kitchen and bathroom that will allow him to have more space in his house, because they are currently using the living room as a kitchen. With the previous loan, he was able to build a porch.
View original language description ↓
El joven Luis de 24 años de edad es casado, su esposa es ama de casa, tiene 3 hijos que dependen de el. El cliente trabaja desde hace 1 año para la alcaldía como policía municipal. Tanto su esposa como sus hijos dependen de el ya que solo el trabaja. Solicita este nuevo crédito para la construcción de una cocina y baño que le permitirá tener mas espacio en su casa ya que actualmente es la sala que le sirve de cocina. Con el crédito anterior logro construir un porche.

Previous Loan Details

Luis is 24 years old, married, and has two dependent children. He works as a security guard for the council. He is requesting this loan to invest in building a porch on the front of his house in order to gradually improve his small home so that his children have a place where they can play with... More from Luis Miguel's previous loan »

Additional Information


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

  • $4,800
    Average annual income
  • 69
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luis Miguel to buy cinder blocks, cement, iron and sand.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 31, 2013
Mar 4, 2013
Currency Exchange Loss:
Jan 18, 2014