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Gabino Antonio

Update on Gabino Antonio

Mr. Gabino is currently married and his wife takes care of the house and their son. He is the only one working, so the family depends on him financially. He still works for the Mayor's Office as a builder assistant.

He is requesting this loan to build an annex in his house. It is now too small and they are in need of a bigger space for the growing family. This way he will be able to provide them with higher comfort.
View original language description ↓
El Sr. Gabino, hoy en día ya es casado, su esposa es ama de casa y se encarga del cuido de su hijo, ellos dependen económicamente de él ya que solo él trabaja. Continua laborando para la Alcaldía como ayudante de albañil, solicita este crédito para la construcción de un anexo en su vivienda ya que ésta es muy pequeña y necesita más espacio porque la familia está creciendo y así podrá brindarles mayor comodidad.

Previous Loan Details

Gabino is 32 years old and he is single with no kids. He has worked in the city hall of Juigalpa for the past year as an assistant laborer. He requests a loan with the plan of building a room of his own, in his father’s house. He hopes to gain some privacy and to be ready for a family of his ... More from Gabino 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

  • $4,800
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Gabino Antonio to buy cement, sand, iron, bricks and stones.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
May 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014