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David Hernand

Update on David Hernand

David is a young man who cares about his family’s well-being. He now works as a waiter in a restaurant. His wife runs the small grocery store in their house. The two work untiringly in order to be able to support their three children. The children go to school, and it is their obligation and priority that they become professionals.

They try to get ahead as much as possible. That is why they are requesting the loan to invest in the business with products like basic grains, meat, sausages, and others in order to maintain their daily sales.
View original language description ↓
David, es un joven que se preocupa por el bienestar de la familia, ahora trabaja en un restaurante como mesero y su esposa administra la pequeña pulpería en su hogar, los dos trabajan incansablemente para poder mantener a sus tres hijos quienes van a la escuela y su obligación y prioridad es que sean profesionales. Ellos intentan salir adelante dentro de sus posibilidades, es por eso que solicita el crédito para invertir en el negocio con productos como granos básicos, carnes embutidos entre otros, para mantener las ventas diarias.

Previous Loan Details

David’s a hardworking man who in addition to his grocery store also works providing customer service in a restaurant. He’s had both these sources of income for approximately one year and they help him support his three children who are little and are attending school. His wife helps him with th... More from David Hernand'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
  • 69
    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 $400 helped David Hernand to buy basic grains, meat, sausages, and others.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 5, 2013
Currency Exchange Loss:
Jul 17, 2014