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Freddy De La Cruz

Update on Freddy De La Cruz

Freddy, 37, is married; his wife’s a housewife and they have two children, one attending primary school and the other still too young to attend school. He continues working for the state as a construction assistant; he’s been working for three years. His family depends on his salary since he’s the only one employed. He’s asking for his third loan to buy building materials and supplies like cement, sand, blocks and rebar to install a floor at home since it’s dirt and very dangerous for the children because of the dust and mud produced in the rainy season. It’s worth mentioning that Freddy has been building his house gradually with help from loans that make it possible for him to cover these expenses to provide better living conditions for his children.
View original language description ↓
El sr. Freddy de 37 años de edad, es casado su esposa es ama de casa tienen dos hijos uno en primaria y otro no está en edad escolar. El continua trabajando como ayudante de albañil desde hace 3 años para el estado, su familia depende de su salario ya que es el único que trabaja. Solicita un tercer crédito para la compra de materiales de construcción como cemento, arena, bloques, hierro para poner el piso de su casa, ya que es de tierra y es muy peligroso para los niños por el polvo y con las lluvias el lodo que se produce, cabe mencionar que don freddy ha construido su casa poco a poco con financiamientos, para poder cubrir estos gastos y así brindar mejores condiciones de vida a sus hijos.

Previous Loan Details

Freddy is 35 years old, married to Mrs. Mayra Hurtado and they have 2 children: Freddy, 13 years old, a 5th grade student, and Noe who is 4. Don Freddy has been working for the Office of the Municipal Mayor of Juigalpa for 1 year as an assistant building worker. With his own effort he succeed... More from Freddy De La Cruz'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
  • 38
    View loans »
    Nicaragua Loans Fundraising
  • $26,391,875
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Freddy De La Cruz to buy cement, sand, blocks and rebar to install a floor at home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 23, 2012
Dec 1, 2012
Currency Exchange Loss:
Nov 17, 2013