Check out some available loans that are similar to this one!
Ricardo  Jose

Update on Ricardo Jose

Ricardo is a young labourer who works daily to succeed in life. He has a small vulcanisation and tyre sales business.

Ricardo does not have children yet, but he plans to get married this year. This is why he is requesting help with a loan to be able to build a small extension and reinforce the humble home he currently lives in. He wants to offer his future wife a respectable home and thanks to the finance he will be able to buy building materials like cement, iron, bricks, purlins, corrugated zinc sheets and stone.
View original language description ↓
Ricardo es un joven trabajador, que lucha a diario para salir adelante en la vida, tiene su pequeño negocio de vulcanización y venta de llantas, Ricardo no tiene hijos aun, pero tiene planes de casarse en este año; es por eso que acude a solicitar el apoyo de crédito para poder hacer un pequeño anexo de cuarto y reforzar la humilde casita en la que actualmente habita, para ofrecerle a su futura esposa una vivienda digna, gracias al financiamiento podrá comprar los materiales como cemento, hierro, bloques, perlines, laminas de zinc y piedrines.

Previous Loan Details

Ricardo, 37, has a business of his own: a tire repair shop that he’s had for a year. He used to have a pool hall but it wasn’t profitable so he decided to totally change to recuperate the lost investment. He supported his family with savings he’d earned from work. He’s single and lives with ... More from Ricardo 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
  • 51
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Ricardo Jose to buy building materials like cement, iron, bricks, purlins, corrugated zinc sheets and stones.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 13, 2013
Nov 25, 2013
Currency Exchange Loss:
Dec 17, 2014