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Luis Felipe
Luís F. is 34 and lives in the Villa Reconciliación neighborhood in the capital of Managua. His wife is a hairstylist and has two children. One of his short-term plans is to make improvements to his house to provide safety and security. He is knowledeable about construction because he's a construction foreman with 16 years of experience. Luís is going to use his loan to try to achieve his goal of finishing construction on his house to make his family comfortable. Thanks to the loan from AFODENIC he'll be able to buy rolls of construction materials, put in gates, and do the roofing, for the benefit of his family.
View original language description ↓
El Señor Luís F. tiene 34 años de edad, habitante del barrio Villa Reconciliación en la capital de Managua su esposa de profesión estilista, tiene dos hijos. La mejora de su vivienda es unos de los planes que tiene proyectado a un corto plazo ya que se requiere brindarle seguridad y protección. Don Luís posee conocimiento en construcción ya que se desempeña como maestro de obras desde hace 16 años de experiencia en el ramo. Mediante financiamiento pretende cumplir su meta de construir su vivienda por completa ofreciéndole comodidad a su familia.
Gracias al préstamo en Afodenic lograra comprar materiales de construcción serpentinas, colocar verjas, entecharlo. Obteniendo los beneficios deseados para su familia.

Additional Information

About AFODENIC

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.

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,552,350
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Luis Felipe to buy building materials to build a porch.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010