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Carlos Jose

Update on Carlos Jose

Carlos is a man with three children one of which is attending university and two are in secondary school. He’s practically a single father since his wife emigrated to another country seeking a better life while he continues working as a taxi driver. For a long time he’s dreamed with having his own work vehicle but has been unable to do so; he must lease a taxi in order to work and earn a living daily to support his children’s schooling. The loan he’s requesting is to buy building materials and supplies to build room divisions to insure his children’s comfort.
View original language description ↓
Don Carlos, es un señor con 3 hijos de los cuales uno va a la universidad y dos están en la escuela secundaria, Carlos prácticamente es padre soltero ya que su esposa emigro a otro país en busca de una vida mejor, mientras el continua su labor como cadete de taxi, por el cual desde mucho tiempo tiene la ilusión de tener su propio vehículo de trabajo pero no ha podido por lo que tiene que alquilar taxi para poder trabajar y ganarse la vida a diario de esta manera apoya a sus hijos con los estudios. El crédito que solicita es para comprar materiales de construcción para hacer una división de cuartos y garantizar la comodidad de sus hijos.

Previous Loan Details

Carlos continues working as a taxi driver; he works by shifts. His wife works in a store. His three children are attending school. His goal is home improvement and he has been building his house in short phases with Afodenic loans. He will use this latest loan to replace the kitchen roof; h... More from Carlos Jose'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
  • $26,388,300
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $425 helped Carlos Jose to buy building supplies.
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 29, 2013
Jul 1, 2013
Currency Exchange Loss:
Jul 31, 2013