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Jose Angel

Update on Jose Angel

Jose lives in the community called Buenos Aires, of the municipality of Ticuantepe, with his wife. He dreams of being able to improve his quality of life and give his children a better future. It was difficult for him to collect enough money to buy materials and continue building his house. With this loan, Jose will buy the following materials: blocks, cement, purlins, sand, gravel, etc. He appreciates the support that Afodenic and Kiva Funds have provided to him. Thanks to them, his finances are better and his quality of life is improving.
View original language description ↓
El señor Jose, habita en la comunidad llamada Buenos Aires del municipio de Tiucnatepe, junto a su esposa sueña con poder mejorar sus condiciones de Vida y darle a su hijos un futuro mejor, a el se dificulta recaudar de una sola vez el dinero para comprar los materiales y continuar construyendo su casa, con este nuevo credito el señor Jose compra los siguientes Materiales: Bloques, Cemento, Perlines, Arena, Pidrin, etc. Agradece le apoyo que Afodenic le ha brindado en conjunto a Fondos Kiva. ya que gracias a ellos su economia es un poco mejor y su calidad de vida a mejorardo

Previous Loan Details

José lives in the town of Ticuantepe with his wife and son. His wife currently works as a merchant to help with some of the household expenses. His plan for the family is to improve living conditions and to always support his son’s education so that he makes it to the university. José has be... More from Jose Angel'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
  • 82
    View loans »
    Nicaragua Loans Fundraising
  • $25,447,400
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $625 helped Jose Angel to buy construction materials.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 12, 2013
Jul 1, 2013
Currency Exchange Loss:
Jul 31, 2013
This photo was used before for a previous loan for Jose Angel. It was first posted on Kiva on Oct, 2011. Learn More