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Franklin Alberto

Update on Franklin Alberto

Franklin lives in the town of Ticuantepe with his wife and children. She works as a domestic for a private house in order to be able to contribute to their household, and he works for a private company. His greatest dream is being able to finish his house and improve his living conditions. He also has a mototaxi. His greatest problem is that he can't get all the money together at once to purchase materials. He will use this loan to purchase cement, tile, iron, paint, etc. He appreciates the support that Afodneic and Kiva Funds have given him.
View original language description ↓
El señor Franklin habiat en el mun icipio de Ticuantepe, junto a su esposa e hijos, ella labora como domestica en una casa privada para poder colaborar con los gastos del hogar, el labora para uan empresa privada, su mayor sueño es poder terminar su casa y mejorar sus condiciones de vida, ademas tiene una moto taxi que la da a trabajar, su mayor dificultad es que no puede recaudar de una sola vez el dinero para la compra de Materiales, con este credito comprara: Cemento, Ceramica, Hierro, Pintura etc. Agradece el apoyo que Afodneic y Fondos Kiva le han brindado.

Previous Loan Details

Franklin R., 30, lives in Ticuantepe; his wife works as a domestic employee in a private home to help him meet household expenses because they have three children who are in school and need their parents’ support. For the past two years Franklin has driven a mototaxi (three-wheel vehicle used ... More from Franklin Alberto'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 Nicaragua

  • $3,636
    Average annual income
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Franklin Alberto to buy construction materials.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014