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Jose Tomas

Update on Jose Tomas

José has three adult children who study and work to pay for their education. José and his wife continue to run their small business selling used clothing and he rents out the van he bought to earn extra income to put food on the table.

He is requesting a loan to build concrete walls in his house since the old sheet metal is wearing out and does not provide protection and safety. He needs to buy blocks, cement, sand and iron and to hire workers. This investment will improve his family's living conditions. He is very grateful for the loan.
View original language description ↓
Don José, es un padre de tres hijos mayores de edad quienes estudian y trabajan para mantener su educación, don José con su esposa continua con su pequeño negocio de ropa usada y en la actualidad la camionetita que compro la tiene en alquiler para acarreo con estos ingresos se ayuda bastante para mantener la comida diaria de su familia. Solicita el crédito con el objetivo de levantar paredes de concreto de su casa, ya que son de laminas viejas de zinc, careciendo de protección y seguridad, necesitara comprar bloques, cemento, arena, hierro y pagara la mano de obra, esta inversión le permitirá vivir en mejores condiciones con su familia, gracias al apoyo de financiamiento por el que está muy agradecido.

Previous Loan Details

José is a small-businessman who has worked for more than eight years for the well-being of his family. Currently, he has a commercial trucking business that he does day to day in different neighborhoods in the capital. He parks at El Gallo Mas Gallo, a store where they offer a variety of furnit... More from Jose Tomas'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
  • $26,366,175
    Funds lent in using Kiva
  • 24.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Jose Tomas to buy blocks, cement, sand and iron, and to hire workers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 12, 2013
Mar 15, 2013
Currency Exchange Loss:
Apr 16, 2014