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Guillermo Enrique

Update on Guillermo Enrique

Guillermo works day and night to maintain his home. He is a responsible father. Five of his six children are older in age and independent. Only one child lives at home. His wife is a housewife and takes care of the house. Guillermo is requesting a loan to invest in house improvements. He needs to build a wall to make a room and to improve the house’s floor. He will build these with his own hands with lightweight materials. This has been his main work for many years.
View original language description ↓
Don Guillermo, quien trabaja día y noche para mantener su hogar, es un padre responsable, cinco de sus seis hijos ya son mayores de edad e independientes, solamente una vive con ellos, su esposa es ama de casa y se encarga del orden del hogar. Don Guillermo está solicitando el crédito para invertirlo en mejoras de su vivienda, necesita levantar una pared para hacer un cuarto y mejorar el piso de su casa, los cuales hará el con sus propias manos con material liviano, siendo este su trabajo principal con el que se gana la vida desde hace muchos años.

Previous Loan Details

Guillermo is 58 years old and is a carpenter by trade. He is married and the father of six children, five of whom are married, and one who is single and works in the tax free zone. Guillermo has his own truck, bought with savings from his work. He uses it for hauling, which allows him to have... More from Guillermo Enrique'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 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

  • $3,636
    Average annual income
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $500 helped Guillermo Enrique purchase plycem, cement, sand, wood and zinc.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible
Expired:
Aug 5, 2013