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Jose Del Carmen

Update on Jose Del Carmen

Don José is a taxi driver. He and his wife look for ways to get ahead for their children, who are studying at public schools. In order to maintain his financial standing, José continues to work as a taxi driver while his wife is a homemaker. All of them are dependent on Don José, which is a difficult situation because of the rate of unemployment.

He continues to be in need of home improvements. On this occasion, he will tile the floor and replace the roof before the arrival of the rainy season. For this reason, he is requesting a loan in order to buy construction materials.

View original language description ↓
Don José, un señor taxista que junto a su esposa buscan como sacar adelante a sus hijos a quienes tiene estudiando en colegios públicos, ajustándose a su capacidad económica, solamente el continua trabajando en su labor como taxista y su esposa ama de casa, por lo que todos dependen de don José, lo cual es una situación difícil debido al desempleo. Sigue con la necesidad de mejorar su vivienda en esta ocasión hará embaldosado de piso y cambiara el techo antes que lleguen las lluvias por lo que solicita el crédito para comprar materiales de construcción.

Previous Loan Details

Jose T. is the head of his family and the father of four gorgeous children who are still school-age; they attend one of the high schools in Managua, our capital city. For now, Jose continues to drive his own taxi, which he has been doing for approximately the last eleven years. This is his ma... More from Jose Del Carmen'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Jose Del Carmen to buy construction materials for tiling the floor and replacing the roof.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Apr 24, 2013
May 23, 2013
Currency Exchange Loss:
Oct 17, 2014