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German Horacio

Update on German Horacio

German is a married father of a five-year-old child, who works as a teacher in a public school. Together with his wife who is a stylist, he has been improving the house in order to be a united family with plans for the future.

With their previous loan, they were able to put bars on their house and they rely on the security it provides. Even so, there are improvements left to do, this time they propose making an investment in plastering the walls and tiling the living room of their house. With some effort, they started this job, but they need to finish it, so they need this loan to buy tiles and to pay for the labor, thus providing better conditions in their home.
View original language description ↓
German es casado,padre de un nino de 5 años de edad, trabaja como docente en una escuela publica; en conjunto con su esposa quien es estilista han venido mejorando su vivienda, por ser una familia unidad y con proyectos a futuros. Con el credito anterior lograron poner verjas a su vivienda y cuenta con seguridad en la misma, pues aun le quedan mejoras por realizar, esta vez se propusieron la inversion del repello de paredes y poner ceramica en la sala de su vivienda, para lo cual con esfuerzo propios empezaron esta obra, pero necesita terminarla, por lo que requiere este prestamo para la compra de la ceramica y el pago de mano de obra, brindando con esto mejores condiciones en su hogar.

Previous Loan Details

Young German is 22 years old, married and has a daughter who is months old. He lives in the town of New Guinea. He has worked as a primary school teacher for seven years. He has the help of his wife who works as a stylist, as well as the help of his mother who takes care of the baby during workin... More from German Horacio'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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped German Horacio to buy plaster and tiles for his house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 13, 2013
Jan 13, 2014
Currency Exchange Loss:
Jul 23, 2015