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Manuel Antonio

Update on Manuel Antonio

Manuel, a family man to children aged 3 and 9, the latter of whom is at school, works with his wife to make his fruit and vegetable business successful thus enabling him to pay the various household and schooling costs. It is together that they are supporting themselves on their own so that their children have a better education and develop.

Manuel will invest this seventh loan to change the roof of his home as it is in a very poor state and there are still many areas to improve in the home. He can only make these improvements with the help of long-term financing, which is why he is very happy and grateful to count on the support of Kiva and Afodenic.
View original language description ↓
Don Manuel, padre de familia de hijos de 3 y el de 9 años que estudia, junto a su esposa saca adelante su negocio de venta de verduras, con lo que se ayuda para pagar los diferentes gastos del hogar y de escuela, siendo ellos unidos se apoyan entre sí para que sus hijos tengan una buena educación y desarrollo. Este 7mo crédito que el solicita lo invertirá en cambiar el techo de su vivienda, ya que está en muy malas condiciones, quedando aun pendientes varios puntos de la casa por mejorar, lo que solo podrá hacer con ayuda de financiamiento a largo plazo, por lo que está muy contento y agradecido de contar con el apoyo de Kiva y Afodenic.

Previous Loan Details

Manuel Antonio is a hard working man with a strong drive to improve his family’s wellbeing. His business is a grocery store where he’s also invested in vegetables to increase capital benefitting from the profits which are used to cover basic payments like water, electricity and his children’s sc... More from Manuel Antonio'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
  • 82
    View loans »
    Nicaragua Loans Fundraising
  • $25,447,400
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Manuel Antonio to buy zinc sheets and purlins.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 10, 2013
Apr 17, 2013
Currency Exchange Loss:
Oct 18, 2014