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Erick José

Update on Erick José

Erick has worked as a taxi driver for more than 10 years. His wife works as a shopkeeper, and she helps him with household expenses. Erick's greatest dream is to own his own home and to provide better living conditions for his wife and son. With this loan, he will buy construction materials to begin building his house. One of the problems that Erick faces is that due to his line of work, it is difficult for him to have enough money available all at once to purchase the materials.

The materials that Erick will buy are: cement blocks, cement, sand, iron, and gravel. With these materials, he will be able to move forward with a large part of what he has planned. It is very important to Erick to give a home to his wife and son. He is grateful to Afodenic and Kiva for their unconditional support.
View original language description ↓
El Señor Erick. trabaja como taxista desde hace mas de 10 años su esposa trabaja como cajera y le apoya con los gastos del hogar. su mayor sueño del señor Erick es tener su casa propia y darles mejores de condiciones de vida a su hijo y sus esposa, con este credito comprara materiales de Construccion para iniciar su casa ya unos de los problemas que se le presentan es que debido al tipo de trabajo que tiene se le hace muy dificil recaudar de una sola vez el dinero para comprar
los materiales que comprara son: Bloques, Cemento, Arena, Hierro, Piedrin con estos materiales podra avanzar gran parte con lo que tienen pensado ya que para el es muy importante darle un hogar a su hijo y a su esposa, Agradecido con Afodenic quien atravez de Fondos Kiva lo apoyan incondicionalmente.

Previous Loan Details

Erick José A. is 32, is married and has a 9 year old child. They live in the Esperanza neighbourhood. Erick has been a taxi driver for 10 years and his wife is a shopkeeper. With their earnings, they cover the household costs. Their little one is in good health and is in elementary school. The r... More from Erick José'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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,200 helped Erick José to buy construction materials such as cement blocks, cement, iron, etc.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 11, 2012
Oct 1, 2012
Currency Exchange Loss:
Oct 31, 2012