Jeaneth Del Carmen Aguilar Garcia

Jeaneth is single, is 44, and has one daughter who is 24 and in her fifth year of studying computer engineering. She is requesting her eighth credit to improve her home by putting on a new roof and putting a new floor in her daughter's bedroom. Her daughter will soon be a professional, and she wants to provide her with basic conditions. With her previous credits, she replastered and put a sidewalk outside of her home. Little by little she has invested her credits in improving her home since with her salary it would be impossible. But with the attention she has received from AFODENIC, she has succeeded in fulfilling her dreams and hopes to be able to arrive at a future where she will be the owner of a decent home for her and her daughter since mothers make their best effort and sacrifice for the well-being of their children.

Translated from Spanish by Tanya Harper, Kiva Volunteer

Jeaneth es soltera, de 44 años de edad, tiene una hija de 24 años de edad estudiante del 5to año de ingenieria en computacion, esta solicitando su 8vo credito para mejorar su vivienda cambiando el techo y el piso del dormitorio de su hija ya que pronto sera una profesional y quiere brindarle las condiciones basicas. Con los creditos anteriores logro repellar y hacer la acera de su casa, poco a poco ha ido inviertiendo sus creditos en mejorar su vivienda pues con su salario se le hace imposible, pero con la atencion que ha recibido por parte de AFODENIC ha ido logrando cumplir sus sueños y espera poder llegar en un futuro a ser la propietaria de una vivienda digna para ella y su hija, que las madres hacen su mayor esfuerzo y sacrificio por el bienestar de sus hijos.


Important Information About This Loan
Kiva recently posted a message regarding the “No Pago” movement in Nicaragua (a movement for non-payment of loans). This movement, supported mostly by farmers of the north of Nicaragua with ties to the left-wing party in Nicaragua, has been organizing protests and had submitted a law to the government to create a moratorium on debt repayment. Initially it was unclear whether this law would pass, which would have had severe effects on the banking and microfinance industry in Nicaragua. However in the last month the executive branch rejected the law in its current form. The No Pago movement still exists but seems to have lost some steam. There is still a possibility that a law encouraging more restructuring of loans could pass next year, and microfinance institutions are voluntarily restructuring loans to delinquent borrowers, still increasing risk of lending in Nicaragua. However indications are that the situation is less dramatic than before.


About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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