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Eulalio

Update on Eulalio

Eulalio is a hard-working man who lives in Juigalpa with his partner. He works for the town council as a policeman for which he receives a monthly salary. He is trying to move forward through the use of loans and his own efforts. He has taken out three previous loans with Kiva, which he is very grateful for and which have helped him a lot in his life. The fact he has been able to finish building annexes onto his mother's home where he used to live is a source of great happiness to him. On this occasion, he is requesting a loan to buy a small plot of land to become independent and build his own house little by little.
View original language description ↓
Don Eulalio, un hombre trabajador habita en Juigalpa con su pareja, labora para la Municipalidad como Policía de donde obtiene sus ingresos mensuales. Intenta salir adelante a base de créditos y esfuerzo propios obtuvo tres créditos con el fondo Kiva por el cual está muy agradecido y le han servido de mucho provecho en su vida, el hecho de haber logrado la construcción de anexos en casa de su mama en donde habitaba anteriormente es una gran alegría para él. Esta vez solicita el crédito para comprar un pequeño solar para independizarse y construir su propia vivienda poco a poco.

Previous Loan Details

Eulalio, 55, is single and has been working as a security guard for 18 months. He is requesting his third loan to continue building his house. The previous loan he took out was used to buy materials to get started. His goal is to provide his family with the opportunity to live in a dignified… More from Eulalio'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 Nicaragua

  • $3,636
    Average annual income
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,188,275
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $500 helped Eulalio to buy a small plot of land.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014