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Jose Angel

Update on Jose Angel

Jose Angel works as a school bus driver, and at times he tends to vehicles in a private parking lot. From these activities he receives income for his household expenses and for school tuition and fees for his 3 children, who are between the ages of 16 and 19. Jose is trying to make gradual improvements to his house, thanks to Kiva loans. He is requesting a loan to buy construction materials such as cement, cement blocks, steel, sand, and beams so that he can build a wall in front of his house, which is currently unprotected.
View original language description ↓
José Angel, trabaja como conductor de un bus que hace recorridos escolares y algunas veces cuida vehículos en un parqueo particular, de esta actividades recibe ingresos para gastos familiares y pago de colegiaturas de aranceles escolares de sus 3 hijos de las edades de 16 a 19 años. José está intentando ir mejorando su casa progresivamente gracias al préstamo de KIVA, solicita financiamiento para la compra de materiales de construcción como cemento, bloques, hierro, arena y perlines para la construcción del muro frontal de su vivienda que actualmente se encuentra desprotegida.

Previous Loan Details

José lives with his partner who is a domestic employee and contributes to the family household. His plans are to improve the infrastructure of his house so he can set up a business there in the future. Currently he works for a private company. He has been unable to finish the house because of ... More from Jose Angel'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
  • $26,366,175
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,400 helped Jose Angel to buy construction materials such as cement, cement blocks, steel, sand, and beams.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 12, 2013
Currency Exchange Loss:
Oct 12, 2013