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Luis Alfonso

Update on Luis Alfonso

Mr. Luis is a humble and hardworking man that lives in the municipality of Ticuantepe. Together with his wife, he strives to get ahead and have better life conditions. His wife is a saleswoman that sells fruits and vegetables and helps him with the home expenses.

With this new loan, Mr. Luis will give maintenance to his plantations, buying fertilizers and other supplies. He appreciates the support given by AFODENIC and Kiva funds all these years.
View original language description ↓
El señor Luis, hombre humilde, trabajador, habitante del municipio de Ticuantepe, junto a su esposa busca siempre como salir adelante para tener mejores condiciones de vida, ella es comerciante vende Frutas y Verduras y le apoya con los gastos del hogar, con este nuevo Credito el señor Luis dara Matenimiento a sus cultivos comprara: Fertilizantes, Triple, Urea, Completo etc. Agradece a Afodenic y fondos Kiva por el apoyo que le han brindado todos estos años.

Previous Loan Details

Luis lives with his wife in the Ticuantepe municipality. His wife sells fruits and vegetables to help him with the household expenses. The plan for his family's future is to be able to improve their living conditions by improving his home and enjoying a dignified life. He has spent many ye... More from Luis Alfonso'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
  • 144
    View loans »
    Nicaragua Loans Fundraising
  • $24,086,375
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Luis Alfonso to buy supplies for the maintenance of his plantations.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013