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Update on Ruben

Rubén is a responsible father who worries about his family. his daughter is growing every day and is about to enter college. This is a great source of worry for Rubén, because he has to figure out how to balance expenses to be able to pay for his daughter's college tuition. The small grocery store business generates very little income. That is why he is also driving a taxi, to help his family more. He is asking for the loan to invest in the business that his wife runs, to have more basic products that are in the highest demand.
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El señor Rubén, es un padre responsable que se preocupa por su familia, su hija cada dia va creciendo ya está por ingresar a la universidad y esto es una gran preocupación para don Rubén porque tiene que ver cómo equilibrar sus gastos para poder pagar los estudios superiores de su hija, ya que el negocio de pulpería le genera muy pocos ingresos, es por eso que también se está dedicando a taxear para ayudar más a su familia. El crédito lo solicita para invertir en el negocio que atiende su esposa, con más productos básicos de mayor demanda.

Previous Loan Details

Don Ruben continues doing business at his grocery store. He works alongside his wife and she's the one who most tends to the store, because he currently manages his own taxi. This way he gets a better income in order to support his 13-year-old daughter who attends middle school. He works hard to ... More from Ruben'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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,025 helped Ruben to buy basic grains, cereals, dairy products, snacks and eggs.
99% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 4, 2013
Currency Exchange Loss:
Sep 17, 2014