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Eddy Orlando

Update on Eddy Orlando

Eddy dreams every day of finishing his home, which is located in the municipality of Ticuantepe. With this loan, he will continue with the construction. He has always worked for a financial institution, and his wife is his support. She helps him with the household expenses, because she has known how to support her husband with her business. With this second loan, Eddy will buy cement, sand and sheets of corrugated roofing material to put the finishing touches on his house so that it will be more beautiful. Eddy hopes to continue to receive support from Afodenic and Kiva.
View original language description ↓
El señor Eddy, sueña cada dia por ver terminada su casa de habitacion que esta hubicada en el municipio de Ticuantepe, con este credito continuara con la construccion, el siempre trabaja para una financiera y su esposa es su soporte,le ayuda con la distribucion de los gastos del hogar ya que con su negocio a sabido apoyar a su esposo. con este segundo credito comprara Cemento, Arena y Zinc para darle fino a los costados de su casa para que pueda quedar mas bonita. Don Eddy espera seguir contando con el apoyo de Afodenic y Fondos Kiva.

Previous Loan Details

Eddy, 48, lives in Ticuantepe. He’s been employed by a financial institution for two years. This is his first credit experience. Eddy will use it to make improvements to his house’s infrastructure. He will add a room and fine touch the walls in his house. To do so he needs to buy concrete bl... More from Eddy Orlando'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
  • 53
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 25.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Eddy Orlando to buy construction materials.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Aug 10, 2013
Aug 18, 2013
Currency Exchange Loss:
May 17, 2014