Check out some available loans that are similar to this one!
Alberto Alonso

Update on Alberto Alonso

Alberto is the father of six adult children but two are still in his care. With support from his wife who is a housewife they’ve provided a good education. With his work as a taxi driver he’s managed to repay all his loans that he used for construction. He will use this new loan to install the roof and part of the metal grills to provide more security at home for his family. He will buy metal sheeting, roofing purlins, metal angle brackets and welding rods. He hopes to continue getting financial support to accomplish his project which is to have his house completely built. He has an advantage is that he saves on labor costs because he works in metallurgy.
View original language description ↓
Don Alberto padre de familia de 6 hijos mayores de edad, 2 están a su cargo y con el apoyo de su esposa quien es ama de casa le han brindado buena educación, con su labor como taxista ha logrado pagar sus créditos los cuales ha utilizado para construcción y con este nuevo préstamo hará entechado y parte de enverjado para tener mayor seguridad con su familia en su vivienda, comprara laminas de zinc, perlines, angulares hierro y barrillas para hacer la soldadura, espera seguir contando con apoyo de financiamiento para lograr sus proyectos el cual es tener su casa construida totalmente con la ventaja de que no gasta en mano de obras porque también trabaja en metalúrgica.

Previous Loan Details

Alberto is a hard-working man who has a small business. He drives his own car providing service on the streets as a taxi-driver. With his previous loan, he was able to improve his home's infrastructure by putting in windows and doors to ensure security for his family. He has had some difficu... More from Alberto Alonso'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
  • 40
    View loans »
    Nicaragua Loans Fundraising
  • $26,377,250
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Alberto Alonso to buy metal sheeting, roofing purlins, metal angle braces and welding rods.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 24, 2013
Feb 1, 2013
Currency Exchange Loss:
May 17, 2014