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Update on Sergio

Mr. Sergio is married. His wife is a homemaker and they have a young son who depends on him, as does his entire family. He is the only one that works and provides a livelihood for his family.

With much effort Sergio managed to build the family home, made of boards and zinc sheeting with an earth floor. His goal is to improve the condition of their house, therefore he is requesting a loan to help him achieve this by building with quarried stone and cement. He has already started this process, and hopes to complete it little by little.
View original language description ↓
Don Sergio es casado, su esposa es ama de casa, tiene un hijo que depende de él, así como toda su familia, el Señor es el único que trabaja y proporciona el sustento diario a su familia. Con esfuerzo propio pudo construir su vivienda aunque sea de tablas, laminas de zinc y el piso de tierra, ahora pretende mejorar las condiciones de su hogar, por lo que solicita financiamiento para lograr su objetivo que es de iniciar a construir su vivienda de piedras canteras y cemento tendiendo una parte ya comenzada, espera terminarla por completo poco a poco.

Previous Loan Details

42-year old Sergio M. is married and has three children; the eldest is 22, the second is 20, and the youngest is 9. Only his son, the 9-year old, is still dependent on him as the two older children are married. Sergio has worked as a cleaner in Juigalpa’s town hall for seventeen years. He is... More from Sergio'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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sergio to purchase cement, sand, iron, blocks and quarried stone.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 20, 2013
Currency Exchange Loss:
Oct 17, 2014