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Victor Manuel

Update on Victor Manuel

Victor and his wife have struggled much to reach their dream: to finish building their house. He works for a private firm as a security guard and also has a business selling second-hand shoes and clothes his wife helps him with. His greatest difficulty is amassing enough money all at once to buy all the materials and supplies he needs. Thanks to the new loan from Afodenic in conjunction with KIVA funds he will be able to buy the following: cement, tile, metal sheeting, roofing purlins, sand, rebar, etc.
View original language description ↓
El señor Victor, junto a su esposa han luchado mucho para poder cumplir son su sueño, terminar su casa, el trabaja para una empresa privada como guarda de seguridad al mismo tiempo tiene un negocio de venta de zapatos y ropa de segunda el cual su esposa le ayuda, su mayor dificultad es recaudar el dinero de una sola vez, para asi comprar todos los materiales a necesitar, Gracias al nuevo financiamiento que Afodenic en conjunto a Fondos Kivan podra comprar lo siguiente: Cemento, Ceramita, Zinc, Perlines, Arena, Hierro etc.

Previous Loan Details

Señor Víctor lives in the municipality of Ticuantepe with his wife and children. Don Victor works as security guard at a private company but he also has a small business selling used clothing and shoes as the economic situation is very difficult and his salary doesn't cover the household expenses... More from Victor Manuel'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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $25,779,525
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Victor Manuel to buy building materials and supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 6, 2012
Dec 11, 2012
Currency Exchange Loss:
Jun 17, 2014