Check out some available loans that are similar to this one!
Leonel Antonio

Update on Leonel Antonio

This time, Don Leonel is requesting a loan to invest in the infrastructure of his business. He wishes to tile the floor and change the zinc sheets (which work as walls for his small restaurant) due to the beginning of winter; he needs to improve the conditions to serve his customers. He works the business alongside his wife, his children are in school, and his oldest daughter is married and independent of them.

He wishes, with the next loan, to change the roof of his business because it is showing deterioration over time.
View original language description ↓
En esta oportunidad, Don Leonel solicita el crédito para invertir en la infraestructura de su negocio. Desea embaldosar el piso, y cambiar las láminas de zinc, que funcionan como paredes de su comidería, esto debido a la entrada del invierno, necesita mejorar las condiciones para atender a sus clientes. Trabaja junto a su esposa en el negocio, sus hijos están estudiando, su hija mayor ya está casada e independiente a ellos. Espera con el próximo préstamo poder cambiar el techo de su negocio que está presentando desmejoramiento debido al paso del tiempo.

Previous Loan Details

Leonel and his wife continue with their diner and both work tirelessly to support their three children, helping them with their studies and providing them with food and clothing. On this occasion, he is requesting a new loan to build a wall around his house. This will guarantee his family's spa... More from Leonel Antonio's previous loan »

Additional Information

About AFODENIC

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $23,820,300
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $775 helped Leonel Antonio to purchase zinc sheets, cement, and sand.
75% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jul 6, 2014
Currency Exchange Loss:
Possible