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Teofilo Jose

Update on Teofilo Jose

Don Teofilo is a miner and purchases material in order to process gold (soil with particles of gold in it) and carry it to the mill where they extract the gold in order to be later sold. The loan he is asking for will be used to purchase these materials and help him to be able to support his family along with help from his wife, who is a trader. They have 4 children who all go to school and the two oldest help with chores around the house after they are done with schoolwork.
View original language description ↓
Don Teofilo se dedica a la actividad minera, compra broza o material para procesar el oro lo cual es (tierra con partículas de oro), que lleva al molino para extraer el oro y ser comercializado, el crédito que solicita es para la compra de la misma, de esta manera mantiene a su familia con el apoyo de su esposa quien es comerciante, ambos tienen 4 hijos todos estudian, los dos más grandecitos después de su estudio le ayudan con el quehacer del hogar.

Previous Loan Details

Teófilo, 37, is married and has four children who he cares for. Teófilo works grinding gold in the mines. He is requesting this loan so he can change the grinding table in his workshop. It is in bad shape and winter is nearing so he needs to improve this part. This way he can guarante... More from Teofilo Jose'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 Nicaragua

  • $4,800
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,079,250
    Funds lent in using Kiva
  • 25.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Teofilo Jose purchase materials to process gold in order to sell it.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 10, 2014
Feb 1, 2014
Currency Exchange Loss:
Jan 17, 2015