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Walter Juan

Update on Walter Juan

Forty-six year old Walter is married. His wife is a homemaker, and they have one dependent daughter. He continues working as a cleaning operator, which he has done for many years.

He is applying for this sixth loan to build an annex that will serve as a kitchen, since they currently cook out in the open. This loan will help him and his family improve their living conditions, because they will have a more secure place when they cook, and they won't be affected when it rains.
View original language description ↓
El sr. Walter de 46 años de edad es casado, su esposa es ama de casa tienen una hija que depende de el, continua con su labor como operario de limpieza desde hace muchos años. Solicita este sexto credito para hacer un anexo que le servira como cocina, ya que en la actualidad cocinan en la interperie, este credito le ayudara a el y su familia mejorar sus condiciones de vida porque contaran con un lugar seguro para el momento de cocinar y no se veran afectados cuando este lloviendo.

Previous Loan Details

Walter Juan, 43, is married and has worked as a Cleaning Operator for the Juigalpa Municipality for the past 17 years. He is requesting his fifth loan for the purpose of continuing to construct his house. With the previous loan he made progress on one part, but was unable to finish due to a lack ... More from Walter Juan'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
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Walter Juan to buy cinder blocks, cement, sand, iron and corrugated metal roofing.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Mar 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013