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Update on Virgilio

Mr. Virgilio continues to work as a bus driver, but his goal these last few years has been to build his house. He and his wife work hard in order to be able to make home improvements. She works in childcare, which helps with the cost of food and helps pay the bills.

Their children, who live with them, are currently in school. With this new loan, he will change the roof of the rooms, and if he has enough money left over, he will buy a door and window to increase safety and family stability.

View original language description ↓
Don Virgilio continua laborando en el area de conductor, como objetivo estos años, ha sido la construccion de su vivienda, lo que junto a su esposa se esfuerzan para lograr las mejora, ella trabaja cuidando niños, lo que equilibra los gastos de alimentacion y poder cubrir los pagos.
Sus hijos solo dos estan con ellos, los cuales estudian, hoy con este nuevo prestamo cambiara techo de los cuartos, y si ajusta comprara puerta y ventana, lo que lograra mejor seguridad y estabilidad familiar.

Previous Loan Details

Virgilio is 56 years old and the father of three children. He and his wife are both working to improve their home. His wife works in childcare and he works as a bus driver. After many years of work he had not been able to put up concrete in their house due to having to pay for the basics of fo... More from Virgilio'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
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Virgilio to change the roof of the rooms in his house and purchase a door and window, thus making his home safer.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 13, 2012
Jan 19, 2012
Currency Exchange Loss:
May 17, 2013