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Donald Rogelio

Update on Donald Rogelio

Donald Rogelio is 52 years old and he lives in the neighborhood of Memoreal Sandino in Managua city with his entrepreneurial wife. They have two children, both are adults and are independent from the family. Donald is self-employed and despite not having a permanent job in the construction field, he has managed to carry out plans to improve his home.

He is requesting his ninth loan with which he will improve the conditions of the house which is a huge priority due to the unsafe neighborhood. The loan will allow him to put up a rear wall that forms the boundary wall to his house, for which he needs to buy construction materials such as blocks, cement, iron and sand.
View original language description ↓
El señor Donald Rogelio, tiene 52 años de edad y habita en el barrio Memoreal Sandino de la ciudad de Managua, junto a su emprendedora esposa han procreado dos hijos, ambos mayores de edad y con independencia familiar. Don Donald trabaja por cuenta propia y a pesar que no ha poseído un trabajo permanente en el área de de construcción ha logrado llevar a cabo planes de desarrollo para su vivienda. Él solicita su noveno crédito con el que mejorará las condiciones de la misma que es de suma prioridad debido a la inseguridad del barrio, el crédito le permitirá levantar la pared trasera que conforma la tapia de su casa, por lo cual necesita comprar materiales de construcción tales como bloques, cemento, hierro y arena.

Previous Loan Details

Donald is a father to three children, who are students and he works hard to be able to give a professional education to his children so they enjoy a better future. He is by trade an industrial electrician and he works on his own, by contract. Today he doesn't have work but he helps with the groce... More from Donald Rogelio'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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,036,450
    Funds lent in using Kiva
  • 26.1
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $575 helped Donald Rogelio to buy construction materials such as blocks, cement, iron and sand.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
Possible
Expired:
May 3, 2014