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Wiliam Fernando

Update on Wiliam Fernando

William Fernando is 44 years old. He is responsible and wants to get ahead in life. He and his wife have educated their two sons, who now contribute to the family economically, even though they are still students. William has been working as a driver for several years, but he also has the goal of starting his own business. This would allow him to provide more for his children. William would like to improve the conditions of a bedroom, because it is made of metal roofing sheets. He is requesting a loan that will allow him to buy construction materials such as cement blocks, cement, rebar, sand, and to pay for labor.
View original language description ↓
William Fernando es un hombre de 44 años de edad, responsable y con deseos de superación, junto a su esposa han educado y a sus dos hijos, quienes ahora son personas que apoyan económicamente en la familia a pesar que aun estudian. William se desempeña como conductor desde hace varios años, pero también tiene el objetivo de desarrollar su propio negocio, el que le permitirá apoyar más a sus hijos. William desea mejorar las condiciones de un cuarto de habitación para uno de sus ya que este es de zinc, para lo cual solicita el crédito el que le permitirá comprar materiales de construcción tales como bloque, cemento, hierro, arena y el pago de mano de obra.

Previous Loan Details

William continues working as a conductor and security guard. His job requires both functions. His wife is in charge of the house. One of their children is married and the other is studying in primary school. For William, to improve his house is a great priority which he pursues in order to fulfil... More from Wiliam Fernando'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 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.


About Nicaragua

  • $4,800
    Average annual income
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 26.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Wiliam Fernando to buy construction materials such as cement blocks, cement, rebar, sand, and to pay for labor.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Feb 28, 2014
Apr 3, 2014
Currency Exchange Loss:
Feb 17, 2015