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Candido Humberto

Update on Candido Humberto

Cándido is a man who continues to fight. He has been widowed for many years and works to support his children who now work with him to improve his small business of selling mattresses that he makes himself.


Cándido needs a small investment in his company to meet the orders and requests of his customers. It is for this reason that he asks for the help of a loan to buy fabrics by the pound, threads and cotton. With these raw materials he will be able to make a variety of mattresses which will help him and his family improve their income with the sales.
View original language description ↓
Don Cándido es un señor que ha venido luchando, siendo viudo desde hace muchos años trabaja para mantener a sus hijos quienes hoy en día laboran junto a él para sacar adelante su pequeño negocio de venta de colchones los cuales el mismo realiza, don cándido requiere de una pequeña inversión a su negocio para realizar los pedidos y encargos de su clientela, es por esta razón que acude a solicitar el apoyo de crédito para comprar telas por libras, hilos y algodón, ya con la materia prima podrá hacer variedades en colchones que le ayudara a el y a su familia mejorar sus ingresos económicos con las ventas.

Previous Loan Details

Cándido is always working, making mattresses, and has been keeping his business going with the help of loans through AFODENIC and using the money to buy supplies. This is why he is requesting another loan through AFRODEC and Kiva. He is very grateful and will use the money to buy four bolts of ... More from Candido Humberto'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

  • $4,800
    Average annual income
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Candido Humberto to buy fabrics by the pound, threads and cotton.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2013
Listed
Jan 14, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015