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Felix Ruben

Update on Felix Ruben

Felix works as a headmaster in a public school in his region, his wife helps him financially as she also works. He has a son of a school age and for Felix his priority is his family.

He is seeking a loan to buy construction materials such as steel, sand, small stones, wires as he wants to build a wall at the front of his home. He is grateful for the support that Kiva and Afodenic has given him.
View original language description ↓
El señor Felix, labora como director en un colegio publico de su comarca, su esposa lo apoya economicamente ya que ella tambien trabaja, tiene un hijo en edad escolar y para el su prioridad es la familia, solicita el credito para comprar materiales de construccion como Hierro, Arena, Piedrin, Alambres ya que desea contruir un muro enla parte frontal de la vivienda, Agradece el apoyo que Kiva y Afodenic le han brindado.

Previous Loan Details

Félix Rubén lives in the San Antonio Sur region with his wife and children. Thanks to the support that AFODENIC and Kiva Funds have given him he has been able to achieve one of his dreams, to have his own house. He works for an institution and his problem is that he can't get all the money toge... More from Felix Ruben'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
  • 53
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,175 helped Felix Ruben to buy construction materials.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 31, 2014
Feb 8, 2014
Currency Exchange Loss:
Mar 10, 2014