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Santos Alfredo

Update on Santos Alfredo

Mr. Santos has worked hard his entire life to reach his goals. His wife and children support him economically as well as emotionally.

His priority right now is to finish building his house.

With this loan he will redo the back part lifting the wall and building a hallway. He will use blocks, cement, sand, stone etc.

He works as a teacher at a school in Managua and his wife has a small grocery store where she sells candy, sodas etc.

He appreciates the help Kiva and Afodenic have given him throughout the years.
View original language description ↓
Don Santos ha trabajado duro todo su vida para lograr cumplir sus metas propuestas, su esposa e hijos le apoyan en todo tanto economicamente como emocional. su prioridad en estos momentos es terminar de construir su casa. con este credito retocara la parte delantera levantando la pared y construir bien un corredor. los materiales a utilizar son. Bloquez, Cemento, Arena, Piedrin, etc. el labora como docente para un centro educativo en Managua y su esposa tiene una pequeña pulperia donde vende Golosinas refrescos, etc. Agradece el apoyo que Kiva y Afodenic le han brindado estos años.

Previous Loan Details

Mr. Santos lives in the city of Ticuantepe with his wife and children. His wife helps with the household expenses as she works for a private company. Mr. Santos has been a teacher for many years. With their two salaries they still have not been able to build a house. Thanks to this loan, they ca... More from Santos Alfredo'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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Santos Alfredo to buy construction material.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 11, 2013
Oct 14, 2013
Currency Exchange Loss:
Nov 17, 2014