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Armando José

Update on Armando José

Don Armando is married and the father of three children who study and help him with his tailing shop. His wife helps out as well. With this business, they are able to cover the main household expenses such as food, school costs, and other items.

Don Armando occasionally has difficulties with his sewing machines, so sometimes he is not able to proceed with the completion of his orders. Replacing his equipment will be expensive. With the fifth loan he is requesting, Armando will buy fabrics and accessories so that he can continue sewing and selling his products.

View original language description ↓
Don Armando, casado padre de familia de tres hijos, quienes estudian y le ayudan a su padre en el taller de costura al igual que su esposa, así ellos unidos cubren los gastos principales del hogar como la alimentación, gastos de colegio entre otros, aunque a veces don Armando ha tenido dificultades con las maquinas de cocer por los cuales a veces no avanza con los pedidos por este inconveniente y reponerlos le sale caro. Con este quinto crédito desea comprar tela y accesorios para poder hacer costuras y vender.

Previous Loan Details

Armando José, 43, is a married man with hopes of improving in all areas of his life. He insists that the support he’s had from his wife has been fundamental for him attaining everything he’s set out to. Together is how they’ve been able to advance until they’ve reached their desired end which... More from Armando José'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 Nicaragua

  • $3,636
    Average annual income
  • 147
    View loans »
    Nicaragua Loans Fundraising
  • $24,068,900
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Armando José to buy fabrics and accessories.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 19, 2013
Apr 29, 2013
Currency Exchange Loss:
Feb 17, 2014