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Luis Concepcion

Update on Luis Concepcion

Luis is a security guard. He is married and has four children. He lives with his family in a neighborhood of the capital. He used his previous loan to construct part of his house, since his wish is to see his house completed. With this new loan, he will build the perimeter wall of his house. He will buy blocks, cement, sand, gravel, boards, and wood. His priority is the security of his family and the property of his household, since the place where he lives [now] has no security for its inhabitants.
View original language description ↓
Luis es guarda de seguridad, es casada, tiene 4 hijos, habita junto a su familia en un barrio de la capital, el crédito anterior lo usó para construir parte de su vivienda, ya que su anhelo es poder ver su casa finalizada. Con es te nuevo crédito construirá el muro perimetral de su vivienda, comprará bloques, cemento, arena, piedrines, tablón y madera. Ya que lo primordial para él es la seguridad para su familia y para los bienes de su hogar, ya que el lugar donde habita, no tiene seguridad para sus habitantes.

Previous Loan Details

Luis, 55, is a married man. His wife works abroad as a domestic employee because of the current rise in unemployment. He works as a security guard for a shellfish company. He has five children, all adults who work. He's requesting the loan to begin rebuilding his house of concrete because i... More from Luis Concepcion'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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $875 helped Luis Concepcion to buy construction materials to make a perimeter wall.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 28, 2014
Apr 8, 2014
Currency Exchange Loss:
May 8, 2014