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Jorge Luis

Update on Jorge Luis

Jorge Luis is a responsible man who is concerned with getting ahead together with his family. He works long hours as a taxi driver during the night shift, which makes his work dangerous at times. With his income he covers the basic needs of his two children, one of whom is 16 years old and the other just 4 months of age. His desire is to see them become true professionals with a range of work opportunities that he was not able to have. Jorge Luis is requesting the loan to invest in his taxi unit. He is constantly having to invest money in it, because of the bad state of the roads in Managua, which do not provide good conditions for his vehicle, causing it to deteriorate. He needs to invest so that he can continue working and covering his household expenses.
View original language description ↓
Jorge Luis, es un señor responsable que se preocupa por salir adelante junto a su familia, labora como taxista largas horas durante su turno en la noche, lo que hace algunas veces peligroso su trabajo; con sus ingresos cubre las necesidades básicas de sus dos hijos, de las edades de 16 años y una de 4 meses de vida, sus deseos es verlos realizadas como unos verdaderos profesionales y con oportunidades diferentes de empleo, lo que el no pudo tener. Jorge Luis solicita el crédito para invertirlo en su unidad de taxi, al que constantemente tiene que estarle invirtiendo, esto debido al mal estado de las calles de Managua, las cuales no prestan buenas condiciones y deterioran el vehículo, su necesidad es invertir para poder continuar trabajando y mantener los gastos de su hogar.

Previous Loan Details

Luis has been working as a taxi driver for 5 years. He is a public accountant, but due to the level of unemployment in the country at the moment he is not working in his chosen profession. He has a son who is 15 years old. Both himself and his wife work every day and are willing to work all hours... More from Jorge Luis'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Jorge Luis to buy replacement parts for his taxi's steering assembly.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015