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Raul Alfredo

Update on Raul Alfredo

Raúl is 48 years old and makes a living as a security guard for a private company. His three children are in elementary and high school, and he wants to seem them earn a professional degree and become good people. In life, he has had difficulties, in particular trying to expand his home to give his family more comfort. His biggest dream for the future is for all his children to have their own rooms. At this time he is requesting a loan to build a room and improve his home's kitchen, for which he will need to purchase zinc sheets, beams, cinder blocks, cement, sand and iron. In this way he will continue improving his home's infrastructure with support from the loans.
View original language description ↓
Don Raúl tiene 48 años de edad es asalariado, trabaja como celador en una empresa privada, sus 3 hijos estudian la primaria y la secundaria él desea verlos con una carrera profesional y que sean personas de bien, en la vida ha tenido dificultades en especial el tratar de ampliar su casa para darle mejor comodidad a su familia ya que en un futuro su mayor sueño es poder hacerle un cuarto a cada uno de sus hijos para la comodidad de ellos. En esta ocasión solicita crédito para hacer un cuarto y mejorar las condiciones de la cocina en su vivienda para eso necesitara comprar laminas de zinc, perlines, bloques, cemento, arena y hierro, de esa manera irá cambiando la infraestructura de su hogar con apoyo de créditos.

Previous Loan Details

Señor Raúl lives in the municipality of Ticuantepe with his wife and children. The plans he has for his family are to improve their living conditions. Raul dreams that 'God will give him the strength' to support his children so they become professionals, as he is a man of little means and has man... More from Raul Alfredo'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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $25,787,975
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,050 helped Raul Alfredo to purchase zinc sheets, beams, cinder blocks, cement, sand and iron.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Nov 1, 2012
Currency Exchange Loss:
Nov 30, 2012