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Jose Francisco

Update on Jose Francisco

José, is a hard-working man. He is married and he and his wife struggle a lot to improve their lives. He will use this new loan to maintain his yucca plants so that he will be able to obtain a good harvest. He will purchase fertilizer, urea, “Fertilizante Completo” (fertilizer that contains three basic components: nitrogen, phosphoric acid and potassium*) and yucca stalks. He is grateful for the support provided by Afondec and Kiva over the years.
View original language description ↓
El señor Jose, hombre trabajador, casado, junto a su esposa e hijos a luchado mucho en la vida para mejorar de vida, con este nuevo credito dara mantenimiento a su cultivo de Yuca para poder obtener buena cosecha, comprara lo siguiente: Fertilizantes, Urea, Completo y Madera de yuca. Agradece el apoyo brindado por Afodenic y fondos Kiva durantes estos años.

Previous Loan Details

Don José has been farming for several years, specializing in growing cassava. The main challenge he has faced is to the total loss of products as a result of the heavy rains that have affected a large part of the country. His plants have deteriorated and have not been able to develop. Thanks t... More from Jose Francisco'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 Nicaragua

  • $4,800
    Average annual income
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose Francisco to maintain yucca crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Jan 31, 2013
Feb 11, 2013
Currency Exchange Loss:
Feb 17, 2014