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Jeffer Omar

Update on Jeffer Omar

Jeffer is a young man who is looking for a way to get on in life. Things went badly in his marriage and now he is single but he always looks after his son's needs. He is continuing with his commercial activities selling clothing and perfumes. He is asking for a loan to invest in his business as a street vendor which he has had for several years. This is his only source of income to cover his expenses.
View original language description ↓
Jeffer, un joven que busca como salir adelante en la vida, le fue mal en su matrimonio, hoy en día es soltero pero siempre está al pendiente de las necesidades de su hijo, el continua con su actividad comercial la venta de ropa y perfumes. Solicita el crédito para invertirlo en su negocio de venta ambulante desde hace varios años, siendo su único medio de ingresos para sufragar sus gastos.

Previous Loan Details

Jeffer continues increasing his sales, thanks to the recruitment of customers he has achieved in recent years by introducing more product variety, which he has rotated thanks to the loans. He bought a display case to show off his merchandise. He sells in cash and on credit, giving his custome... More from Jeffer Omar'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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $725 helped Jeffer Omar to invest in assorted clothing and perfumes.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jun 15, 2013
Jul 5, 2013
Currency Exchange Loss:
Aug 4, 2013