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Asociacion Aadesco Group
In this Group: Felipe, Roberto , Ignacio Dionisio

Update on Asociacion Aadesco Group

The "AADESCO" CAPS (Community drinking water and sanitation committees) is located in the community of Valle de la Laguna de Apoyo and provides services for over 2,500 women, men, seniors and children. The committee is in a difficult situation as the water pump they use is very old and is not pumping to it's capacity to supply it's users. It is receiving less water than usual so it has to turn to sources of water that are further away for it's supply. This puts the health of the people at risk.

Therefore the Board of Directors of the CAPS is requesting this loan to buy and install a new submersible pump. It will pump more water in less time and ensure this vital liquid 24 hours a day to the citizens of the valley.
View original language description ↓
El CAPS AADESCO se ubica en la comunidad Valle de la Laguna, en el departamento de Masaya. Este CAPS abastece de agua potable a mas de 436 usuarios de la comunidad del Valle de la Laguna de Apoyo, beneficia a mas de 2,500 habitantes entre mujeres, hombres, ancianos y niños. El CAPS atraviesa por una situación difícil ya que la bomba existente es muy antigua y no está bombeando a su capacidad para abastecer a los usuarios; están recibiendo menos cantidad de agua del que normalmente reciben, debiendo acudir a puestos de agua mas lejanos para abastecerse, situación que pone en riesgo la salud de los habitantes, por ello la junta directiva del CAPS solicita este crédito para la compra e instalación de una nueva bomba sumergible que permita bombear mas agua en menor tiempo, asegurando el vital liquido las 24 horas del día a los habitantes de la comunidad.

Previous Loan Details

The AADESCO Water and Sanitation Committee (CAPS) led by Felipe is located in Valle de La Laguna, which supports Masaya, Nicaragua. The well located here has been in operation for 20 years and provides service to more than 480 users in the community of Valle de La Laguna. The Board of Directors... More from Asociacion Aadesco Group's previous loan »

Additional Information

More information about this loan

This loan is part of an AFODENIC pilot project to provide capital to Drinking Water and Sanitation Committees. These committees are comprised of community members who work on a volunteer basis to manage wells and water distribution in the rural areas where they live, which do not have access to government-provided running water. Loans are disbursed to committee members, who represent their entire communities – hundreds or even thousands of individuals – using a solidarity guarantee. Committees use these loans to repair water pumps, install water meters, and buy new pumps or motors for existing distribution systems. Loan repayments are made jointly via small contributions from all members of the community who benefit from water access. Committee members are responsible for collecting and tracking repayments. Kiva is very excited to support AFODENIC's initiative to expand access to clean drinking water in rural Nicaragua. 


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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.


About Nicaragua

  • $4,800
    Average annual income
  • 30
    View loans »
    Nicaragua Loans Fundraising
  • $26,398,725
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Asociacion Aadesco Group's $5,625 loan helped a member to buy and install a new submersible pump.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 13, 2013
Nov 25, 2013
Currency Exchange Loss:
Jul 23, 2015