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Jose Elmer

Update on Jose Elmer

José Elmer makes a living selling cheese and cream in bulk. He works with his wife; his children are now independent adults. José wants to improve his living conditions and so is applying for a loan in order to replace his roof, which is currently in bad condition, and build a wall. Thanks to this loan, José will be able to move forward with this work by buying materials such as cement, sand, zinc laminate sheeting and purlins.
View original language description ↓
José Elmer, se dedica a la actividad comercial de venta de queso y crema de comer por mayor junto a su esposa, sus hijos ya son independientes, el se preocupa por mejorar las condiciones de su hogar, es por eso que solicita de este crédito para levantar parte del muro y cambiar el techo que ya está en malas condiciones, gracias al financiamiento podrá avanzar con esta obra comprando los materiales como cemento arena, hierro laminas de zinc y perlines.

Previous Loan Details

José Elmer’s highest level of education was completed secondary school. His current business is mobile phone sales. His wife works selling cheese and cream to order to grocery stores and this way they both support each other economically to cover their costs. Their children are adults and wo... More from Jose Elmer'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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,100
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,175 helped Jose Elmer to buy cement, sand, iron, bricks, zinc laminate sheeting and purlins.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Mar 14, 2014
Apr 13, 2014
Currency Exchange Loss:
May 13, 2014