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Santos Nasario

Update on Santos Nasario

Santos is married. His children are grown and don't depend on him. They have finished their studies that Santos has given them with great effort, with his humble job as a security guard at a state institution, and with the help of his wife, who is a school teacher.

He is applying for this loan for the construction of an addition to the back part of his house that, in time, he would like to convert into a bedroom. He has thus been using the loans for construction and improvements to his house in order to give a better quality of life to his family, for whom he struggles daily.
View original language description ↓
El Sr. Santos es casado, sus hijos ya son mayores de edad y no dependen de él, han culminado sus estudios que con mucho esfuerzo les ha dado don Santos con su humilde trabajo como guarda de seguridad en una institución estatal y con la ayuda de su esposa quien es docente de un colegio. Solicita este crédito para la construcción de un anexo en la parte trasera de su vivienda que pretende con el tiempo convertirlo en una habitación, así ha venido utilizando los financiamientos en construcción y mejoras de su vivienda, de esta manera darle mayor calidad de vida a su familia por quienes lucha a diario.

Previous Loan Details

Don Santos, 50, is married and has 2 children, both in college. His wife works and they share household expenses. Santos has worked as a policeman for the town of Juigalpa for 1 year. He is appying for this, his first loan, so that he can replace part of the roof on his house. He will also bu... More from Santos Nasario'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
  • 121
    View loans »
    Nicaragua Loans Fundraising
  • $24,042,000
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Santos Nasario to buy cement, sand, iron and cinder blocks.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014