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Nelson Billy

Update on Nelson Billy

Nelson's business has allowed him to provide for his family. His wife always supports him in everything. He dreams of giving his children better living conditions. It has been difficult for him to collect the necessary money all at once, because he is constantly investing in his business to raise his earnings.

He is applying for a loan to buy construction materials such as blocks, cement, sand, iron, etc. to complete his house. Nelson is very grateful to Kiva and Afodenic for this new opportunity which they are offering him.
View original language description ↓
El señor Nelson, su negocio le ha permito salir adelante con su familia, su espasa siempre apoyandolo en todo lo necesario, el sueña con darle a sus hijos las mejores condiciones se le dificuta un poco el recaudar de una sola vez el dinero ya que el siempre invierte en su negocio para subir asi sus ganancias. este credito lo esta solicitando para comprar materiales como bloques, cemento, arena, hierro, etc. para poder completar su vivienda. muy agredecido el señor Nelson con Kiva y Afodenic por esta nueva oportunidad que le estan brindando.

Previous Loan Details

Nelson lives in the municipality of Ticuantepe together with his wife and children. He dreams of having a nice house in good condition. His wife supports him in all his decisions, and she helps him with the household expenses as he is a merchant. He has a business where he sells shoes, clothing, ... More from Nelson Billy'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,420,300
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $975 helped Nelson Billy to buy construction materials.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 13, 2014
Apr 13, 2014
Currency Exchange Loss:
May 13, 2014
This photo was used before for a previous loan for Nelson Billy. It was first posted on Kiva on Feb, 2013. Learn More