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Marcos Tulio

Update on Marcos Tulio

Marcos is a responsible father who safeguards the wellbeing of his children; his work as a security guard helps with their educational expenses. He is requesting the loan to make a purchase of construction materials in order to add a porch onto his house, since his is in very bad condition.

Marcos is grateful for the financing support since it will enable him to improve his and his family’s standard of living.
View original language description ↓
El Sr. Marcos, padre responsable que vela por el bienestar de sus hijos y con su labor como guarda de seguridad se ayuda para los gastos de escuela de ellos , solicita el préstamo para realizar compra de materiales de construcción para realizar un anexo de porche en su casa de habitación, ya que este esta en muy malas condiciones, don Marcos agradece el apoyo de financiamiento ya que con ello podrá mejorar su nivel de vida junto a su familia.

Previous Loan Details

Marcos Tulio is 45 years old and has worked as a watchman at El Rama Hospital for the last 18 years. He is asking for his 10th loan to build a room in his house to improve his living conditions. It is worth mentioning that he used the last loan to erect a wall that was in a bad state of repair. More from Marcos Tulio'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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $25,065,800
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,025 helped Marcos Tulio to buy cement, sand, rebar, and blocks.
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 30, 2013
Jul 1, 2013
Currency Exchange Loss:
Jul 31, 2013