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Orlando Felipe

Update on Orlando Felipe

Orlando is an older man who was unlucky in marriage. Day by day he strives on his own. His children are adults and independent. Only the youngest, 12 years old, is in his care; and he helps him in his education so that he can develop as a person.

Orlando is requesting a loan to invest in his small store that he has had for years, through which he is always seeking to get ahead in life, so that he can cover his various household expenses.
View original language description ↓
Don Orlando, es un señor de avanzada edad, no tuvo suerte en su matrimonio, hoy en día lucha solo, sus hijos son mayores de edad e independientes, solamente el menor de 12 años está a su cargo a quien le ayuda en su educación para su desarrollo personal. Don Orlando solicita el crédito para invertir en su pequeño negocio de hace años con lo que siempre busca como salir adelante en la vida para cubrir sus diferentes gastos del hogar.

Previous Loan Details

Orlando continues working in a convenience store he runs out of his home, as he and his wife work hard to keep making headway. She currently works as a part-time janitor, and they use this income to support their children, three of whom still live at home, while the other is in Costa Rica. The st... More from Orlando Felipe'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $23,671,175
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $400 helped Orlando Felipe to buy basic staples, meat, chicken, pastries, and dairy products.
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible
Expired:
Aug 5, 2013