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Update on Joel

Joel is a father of two children who are growing more and more each day. His children are enrolled in school.

Joel continues at his job of many years, working as a security officer, and his wife works as a janitor for a private company. With their income they pay for tuition fees and food expenses. They are also making a few improvements to their home.

With this loan Joel wants to raise the walls in his home since they are very low, for which he needs to buy cement, blocks, iron and sand.

For himself and for his family, Joel hopes to someday fulfill these important infrastructure needs.
View original language description ↓
El señor Joel, padre de dos hijos quienes cada día van creciendo mas y mas, los cuales van a la escuela, el continua con su labor de muchos años como guarda de seguridad en un restaurante y su esposa trabajando como conserje en una empresa privada, con sus ingresos se ayudan con los pagos de colegiatura y alimentación, también van haciéndole unas cuantas mejoras a su hogar. Con este crédito que solicita don Joel pretende levantar las paredes de su casa que están muy bajas necesitando comprar cemento, bloques, hierro, arena para empezar, esperando poder culminar algún día estas necesidades tan importantes de infraestructuras para él y su familia.

Previous Loan Details

Joel is a very hardworking man who has been able to achieve his goal of building his house. With his wife, he works to continue making improvements. His trade for the last five years has been that of a security officer. The days he makes the most are the holidays, or when he substitutes for a co-... More from Joel'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

  • $4,800
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,544,375
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Joel to buy cement, sand, iron, blocks.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Apr 29, 2013
May 16, 2013
Currency Exchange Loss:
May 17, 2014