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Update on Edgar

Edgard lives with his wife and minor children in an area some distance from the city. He works for a rice company and with much effort and sacrifice has paid back his previous loans on time. He is grateful to Kiva and Afodenic for this significant support which allows him to get ahead.

Now he is requesting another loan to buy construction materials to continue renovating his house. This time he wants to build a porch so he can give his family, his main priority, a better lifestyle.
View original language description ↓
El Sr. Edgard, habita en una comarca a muchos kilómetros de la ciudad junto a su esposa e hijos que son menores de edad, labora para una empresa Arrocera y con mucho esfuerzo y sacrificio ha cancelado en tiempo y forma sus créditos, agradece a Kiva y Afodenic por brindarle este apoyo tan importante para salir adelante. Ahora requiere otro préstamo para comprar materiales de construcción para continuar con las mejoras de su vivienda esta vez desea construir un porche, de esta manera darle mejores condiciones de vida a su familia el cual es su principal prioridad.

Previous Loan Details

Mr. O. is an adult who is married and lives with his family in the Palma San Lorenzo region near Tecolostote. He works fishing in the traditional way which is where he gets the income he uses for the daily expenses of the family he loves. He is a responsible person. He is requesting his firs... More from Edgar'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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Edgar to buy cement, sand, blocks and iron.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Apr 6, 2013
May 7, 2013
Currency Exchange Loss:
Apr 17, 2015