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Jorge Alberto

Update on Jorge Alberto

Jorge and his family always aspire to improve their living conditions and the improvement of his house is an example of that. The loan that Jorge is asking for is for the purchasing of construction materials. He needs to widen his home a little so that he can have more space.

The materials that he is going to use are cement, sand, and blocks. He has a small electric household appliance repair shop and his wife helps him with the household expenses with her job since she works at the town hospital. He is grateful for the support provided by Kiva and Afodenic.
View original language description ↓
El señor Jorge, junto a su familia aspira siempre con poder mejorar sus condiciones de vida, ya que para el es mucha importancia la mejora de su casa con este credito que esta solicitando Jorge compra materiales de construccion ya que necesita ampliar un poco mas su vivienda para poder tener mayor espacio, los materiales a utilizar son Cemento, arena, bloques. el tiene u pequeño taller de reparacion de Electrodomestico y su esposa le apoya con los gastos del hogar ya que labora para el hospital de su municipicio. Agradece le apoyo que kiva y afodenic le han brindado.

Previous Loan Details

Jorge lives in Masaya with his family. His future plan is to improve living conditions and to buy a small house to leave to his children so that they won’t be going from house to house. Jorge has been repairing speakers for several years. The greatest difficulty he faces is not having a d... More from Jorge 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 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
  • 117
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Jorge Alberto to buy materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 20, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014