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Juan Jose

Update on Juan Jose

Juan José lives in the Carlos Fonseca neighborhood. He’s a father who is responsible with his children who are all independent adults now. His priority now is to continue making home improvements. With the small support he gets from his fast-food business which is his and his wife’s source of income he will repay the loan. On this occasion he wants to erect the wall of his house which is currently made of metal sheeting which generates too much heat. Only with support from the loan will he be able to do this project.
View original language description ↓
Don Juan José, habitante del barrio Carlos Fonseca padre responsable con sus hijos, hoy en día ya todos son mayores de edad e independientes, su prioridad ahora es continuar haciéndole mejoras a su hogar, con el pequeño apoyo que tiene con su negocio de fritanga su medio de ingresos junto a su esposa aprovechara para poder pagar su crédito. En esta ocasión desea levantar la pared de su casa que esta forrado de láminas de zinc lo que genera demasiado calor, y solamente con el apoyo de financiamiento podrá hacer esta obra.

Previous Loan Details

Juan continues with his billiard business and the sale of fried snacks that he makes in the afternoon. Since his wife has a permanent job as a tax collector by day, [he is] always helping his family. For him, improvements to his home are the priority. Now that he has the help of financing,... More from Juan Jose'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
  • 109
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Juan Jose to buy building supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014