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Leonel Antonio

Update on Leonel Antonio

Leonel and his wife continue with their diner and both work tirelessly to support their three children, helping them with their studies and providing them with food and clothing. On this occasion, he is requesting a new loan to build a wall around his house. This will guarantee his family's space and privacy. He hopes to be able to continue receiving financial support.
View original language description ↓
Don Leonel, y su esposa continúan con su negocio de venta de comida ambos trabajan incansablemente para mantener a sus tres hijos, apoyándolos con los estudios, alimentación y vestimenta. En esta ocasión solicita nuevamente crédito para hacer el muro perimetral de su casa y con esto estaría garantizando su espacio y privacidad con su familia, quien espera continuar contando con el apoyo de financiamiento.

Previous Loan Details

Don Leonel continues to work at a family-owned diner, but now only he and his wife run the business. They continue to make a variety of dishes. His children are studying.

Leonel has been able to improve his house with the loans provided by AFODENIC. Everything he earns today goes towar... More from Leonel Antonio'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
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,397,050
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Leonel Antonio to buy cement, sand, iron, blocks and gravel.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014