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Mario Bilomar

Update on Mario Bilomar

Mario lives in Managua’s La Fuente neighborhood, a zone with very humble residents. He’s a hardworking man. Alongside his wife he tries to get ahead selling bread which is his family’s only source of income. With this loan he’s requesting he wants to build a room. He will buy the building materials like cement, sand, iron rods, concrete blocks. This improvement will be very useful for his children’s comfort.
View original language description ↓
Don Mario, habitante del barrio la fuente en Managua una zona muy humilde por sus pobladores, es un hombre trabajador, a la par de su esposa intenta salir adelante con la venta de pan su único medio de ingresos en la familia. Con este crédito que solicita desea realizar la construcción de un cuarto, comprara los materiales de construcción como cemento, arena, hierro, bloques, esta mejora le vendrá bien para la comodidad de sus hijos.

Previous Loan Details

Mario worked for twelve years at his parents' bakery, where he started as an apprentice. He now has his own bakery and sells his products from a cart, at a very frequented market. He supports his four year-old son and his wife, who helps him when selling. This is Mario's first loan. He needs the ... More from Mario Bilomar'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
  • $25,383,750
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Mario Bilomar to buy building supplies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 4, 2013
Currency Exchange Loss:
Mar 17, 2014