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Eufemio Nicolas

Update on Eufemio Nicolas

Eufemio is 50 years old and his wife is a housewife. They have three children. He’s a hard worker who is providing his children with education so that they can face life. Eufemio has a cyber café business managed by his eldest son of 23 years. He also sells propane, works as a builder and is the pastor of an Evangelical church.
He has used the loans to make house improvements. This is his 13th loan and will be used to continue building the back wall of his house. He needs to buy quarry stones, cement blocks, struts, cement, support straps, iron and payment for manual labor to continue the small development project with his family.
View original language description ↓
Don Eufemio de 50 años su esposa es ama de casa tienen 3 hijos, el es una persona trabajadora a sus hijos les está dando estudios para que se preparen para enfrentar la vida, don Eufemio tiene un negocio de Cyber café que lo administra su hijo mayor de 23 años, también vende gas licuado, siempre se desempeña como albañil y es pastor de una iglesia evangélica es una persona muy activa, sus créditos los ha utilizado en mejora de su casa, este nuevo préstamo número 13 lo necesita para continuar la construcción del muro trasero de su casa, para eso requiere comprar piedra cantera, bloques, estribos, cemento, alambre de amarre, hierro y el pago de mano de obra para poder continuar con su pequeño proyecto de desarrollo con la familia.

Previous Loan Details

Don Eufemio continues to advance in his business. He is converting his store into a business selling fuel for Tropigas (a Latin American energy company). Eufemio has also made a slight improvement to his business by adding a small cybercafé. He now has better conditions to provide this service... More from Eufemio Nicolas'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
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $25,756,600
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Eufemio Nicolas to buy quarry stones, cement blocks, struts, cement, support straps, iron and payment for manual labor to build the back wall.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 22, 2012
Dec 1, 2012
Currency Exchange Loss:
Oct 17, 2013