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Julio Cesar

Update on Julio Cesar

Julio is a security guard in a market in the capital. His wife died a month ago and he was left alone with his children. He lives in a neighborhood on the edge of town. His plans are to build two rooms to make his house more comfortable for his children. That is why he is asking for the loan, to buy materials such as cement, sand, blocks, zinc sheeting and rods. These will allow him to start construction and improve his family's quality of life.
View original language description ↓
Don Julio es guarda de seguridad en un mercado capitalino, enviudó hace un mes, y quedó solo con sus hijos. Habita en un barrio marginal de la ciudad. Sus planes son hacer dos cuartos de habitación para darles comodidad a sus hijos, y por eso solicita el crédito para comprar materiales como cemento, arena, bloques, láminas de zinc y perlines, que le permitan empezar la construcción y poder mejorar la calidad de vida de su familia.

Previous Loan Details

Julio has been an exemplary father with his family; he’s managed to give them a proper, secure roof. Today, he lives with his wife; his daughters are married. He will build a perimeter wall behind his house to separate from his neighbor. He wants to have more privacy and security in his prop... More from Julio Cesar'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 152
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,475 helped Julio Cesar to buy materials such as cement, sand, blocks, zinc sheeting and rods.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 20, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 20, 2013