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Ricardo Junior

Update on Ricardo Junior

Ricardo Junior lives in Managua. In spite of his young age, he has well-defined goals. He managed to complete his education. He now works at an educational center as a mathematics and chemistry teacher. He is not yet married, nor does he have children. He believes that he needs to ensure his living conditions for the future.

He is requesting the loan in order to change the roof of his house because in the winter time it does not provide adequate conditions.

He needs to buy construction materials like zinc metal sheets, beams, and screws.
View original language description ↓
Ricardo Junior habita en Mangua, a pesar de su edad tiene metas bien definidas, logró terminar sus estudios y ahora labora en un centro educativo como profesor de matemática y química, él aun no está casado y tampoco tiene hijos, considera que tiene que garantizar las condiciones de su vivienda para el futuro. Solicita el crédito para cambiar el techo de su casa, porque en invierno este no presta las condiciones, es necesario comprar materiales de construcción como: zinc, perlines y golosos.

Previous Loan Details

Ricardo is a single, young man who already finished his studies in public accounting. He has worked hard to be able to continue forward. He lives with his parents and currently works as a Math teacher in the city center. For Ricardo, home improvement is of paramount importance. Now that he has... More from Ricardo Junior'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 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
  • 92
    View loans »
    Nicaragua Loans Fundraising
  • $24,384,075
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Ricardo Junior to buy construction materials like zinc metal sheets, beams, and screws.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 11, 2013
Oct 16, 2013
Currency Exchange Loss:
Nov 17, 2014