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Dámaso Nelvin

Update on Dámaso Nelvin

Dámaso is a hard-working man who financially supports his family. His wife is at home and takes care of the house and the children for a good development. Don Dámaso keeps working as an independent builder and, with the income he earns, he has made improvements to his house. He's now willing to continue with the construction of a perimeter wall and needs to buy additional materials, which is why he's requesting a loan. He doesn't need much though because he won't spend in labor cost. He's grateful to the financial institution and to Kiva for the financial support they give him to reach his goal and to provide safety and comfort to his family.
View original language description ↓
Dámaso, un hombre trabajador quien solito saca adelante a su familia, su esposa ama de casa se encarga de mantener el orden del hogar, cuida de sus hijos para su buen desarrollo, don Dámaso continua su labor como albañil de manera independiente con sus ingresos ha invertido en las mejoras de su vivienda, ahora desea continuar con la construcción de un muro perimetral que ha dado inicio una parte, continuara con lo que le hace falta, para ello necesita comprar más materiales por lo que solicita el crédito, se le facilita un poco porque no gastara en mano de obra debido a sus conocimientos de la misma, agradece a la financiera y a Kiva por el apoyo de financiamiento para poder lograr su objetivo y brindarle seguridad y comodidad a su familia.

Previous Loan Details

Don Damaso is a bricklayer by profession. He continues to work in order to support his family financially. His goal is to improve his home, which he has been expanding through the use of the loans. With his previous loan, Damaso was intending to put up room dividers but his mother passed away.… More from Dámaso Nelvin'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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,441,425
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Dámaso Nelvin to buy cement, sand, iron and blocks.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014