Update on Alfonso InesAlfonso is an elderly man. He is very grateful to God for all of the blessings that he has been given. He longs to build his own church to spread the word of God. He continues to work as a merchant and with his wife has worked and grown for many years. It has been the only income to raise his children who are true professionals now. Now Alfonso wants to focus his efforts on improving the condition of the roof on his house because in winter water leaks in. He is asking for the loan to buy construction materials such as zinc sheeting, beams, screws, welding material, and anti-corrosive paint. In this way, he and his family will feel protected from the rain.
Previous Loan DetailsDon Alfonso Ines is a gentleman with great foresight, since he has been working for a long time with many sacrifices to achieve what he has today. Only being an evangelical pastor makes him feel very fortunate and proud since by the grace of God and by his infinite mercy has he been able to enjo... More from Alfonso Ines's previous loan »
About AFODENICThis 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.
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