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Gerald Jose

Update on Gerald Jose

Gerald is a young man who lives in his mother's home in an area where residents have very limited resources. He is married and has a nine-month-old child.

Gerald has a small business, a grocery store that allows him to cover his household expenses. He is requesting this loan in order to invest in the basic products needed by his customers, who are the people in his neighborhood. He will purchase basic grains, chicken, meat, oil, dairy products, and cold cuts. This will allow him to continue supporting his family.
View original language description ↓
Gerald, es un joven que habita en casa de su madre en una zona donde los pobladores son de muy escasos recursos, es casado tiene un hijo de 9 meses de nacido, Gerald tiene un pequeño negocio de pulpería con el que mantiene los gastos de su hogar. El solicita el crédito para invertirle productos básicos de la necesidad de sus clientes quienes son los vecinos del barrio, comprara granos básicos, pollo, carne, aceite, lácteos, embutidos. De esta manera continuara apoyando a su familia.

Previous Loan Details

Gerald is a man who is very committed to his work. He is currently in charge of a small grocery store and he has also started his own business, a small book store that he set up some years ago to help himself financially with his studies, which he has now completed. He now also has the suppor... More from Gerald Jose'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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Gerald Jose to buy basic grains, chicken, meat, oil, dairy products, and cold cuts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 18, 2013
Sep 26, 2013
Currency Exchange Loss:
Aug 17, 2014