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Update on Saturninio

Don Saturninio has a wife who keeps their home in order. He now has four children who go to school. With his income as a security guard, don Saturninio has been investing in home improvements. He is requesting another loan to put gates around his house's porch and thereby provide greater security for his family. He will purchase iron, cement, sand and pre-made wrought-iron gates. Don Saturninio hopes to keep working with Afodenic, as he is very grateful for the financial help, with which he has been able to keep improving his home's infrastructure. He hasn't been able to finish everything because his salary is very low and his wife doesn't work. But he hopes to make a little more progress this time.
View original language description ↓
Don Saturninio, tiene a su señora quien se encarga del orden del hogar, ahora tienen cuatro hijos que van a la escuela, con sus ingresos como guarda de seguridad ha venido invirtiendo en mejoras del hogar. Ahora solicita nuevamente crédito para enverjar el porche de su casa para brindarle mayor seguridad a la familia, comprara hierro, cemento, arena y verjas ya elaboradas, espera continuar trabajando con Afodenic, ya que está muy agradecido por el apoyo de financiamiento con los cuales ha logrado ir mejorando la infraestructura de su casa, no ha podido culminar del todo porque su salario es muy bajo y su esposa sin empleo, pero esta vez espera avanzar un poco más.

Previous Loan Details

Saturninio continues working in security, his wife continues working in the free trade zone and his children are concluding the school year. His priority has been the construction of his house and he is happy about the funding he has received. He was able to construct a concrete house, thereby ac... More from Saturninio'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

  • $3,636
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Saturninio to purchase iron, cement, sand and pre-made wrought-iron gates.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Mar 27, 2013
Apr 9, 2013
Currency Exchange Loss:
Jul 17, 2014