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Ubaldo Ramon

Update on Ubaldo Ramon

Ubaldo is continuing with his business since he has been able to help his family and help other families thanks to it. He is applying for this loan to buy supplies such as glue, thread, leather, imitation leather, and accessories and to maintain his machines which he uses to sew purses. He is thankful for the support he is receiving from Kiva and Afodenic.
View original language description ↓
El señor Ubaldo continua con su actividad comercial ya que gracias a su negocio ha podido sacar a su familia y ayudado otras familias, el esta solicitando este crédito para la compra de Materia Prima como: Pega, Hilos, Cuero, Cuerina, Accesorios y dar mantenimiento a sus maquinas las cuales utiliza para coser las carteras, Agradece el apoyo que esta recibiendo de parte de Fondos Kiva y Afodenic.

Previous Loan Details

Ubaldo lives in the town of Masaya along with his wife and son. His greatest dream is to see his business grow and to have a line of purses sold in various markets. His wife also has her own business. She sells clothing, and between the two of them, they split the household expenses. Ubaldo c... More from Ubaldo Ramon'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 Nicaragua

  • $3,636
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,505,525
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,125 helped Ubaldo Ramon to buy supplies.
66% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 12, 2014
May 19, 2014
Currency Exchange Loss: