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Jorge Ivan

Update on Jorge Ivan

Together, Jorge and his wife struggle day to day in order to be able to improve the condition of his home and to be able to give their children everything.

He works for a private company. His wife helps him with the household expenses by working in the business that she has.

He now needs capital to finish building a room in his house in order to give his children more privacy. He will buy materials like sand, cement, concrete blocks, and iron, etc.

He is grateful for the unconditional support that AFODENIC, together with the Kiva lenders, has given him.
View original language description ↓
El señor Jorge, junto a su esposa luchan dia a dia para poder mejorar de condiciones en su hogar y poder darle a sus hijos todo, el labora para una empresa privada, y ella le apoya con los gastos de l hogar ya que tambien trabaja en su negoio que tiene, actualmente requiere de capital para terminar de construir un Cuarto para darle mayor privacidad a su vivienda a sus hojos, compra Materiales como, Arena, Cemento, Bloques, Hierro etc. Agradece el apoyo incondicional que Afodenic en conjunto a Fonfos Kiva le han brindado

Previous Loan Details

Jorge is a resident of the municipality of Ticuantepe along with his wife who works as a shopkeeper to support him with the household expenses. His plans for the family are to be able to go about improving their living conditions little by little. He is thankful for the trust that Afodenic has gi... More from Jorge Ivan'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
  • 146
    View loans »
    Nicaragua Loans Fundraising
  • $24,099,050
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Jorge Ivan to buy construction materials.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2013
Listed
May 5, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014