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Oscar Humberto
Mr. Oscar Martínez is 63 years old and lives in the neighborhood Laureles Sur de Managua in the capital, Managua. He is married, his wife is a housewife, they have 5 children, two married and three living with them. Little by little they have been constructing their house and don Oscar is requesting a loan to be able to finish a part of the house. Thanks to the loan from Afodenic, which is his sixth, he will be able to buy construction material such as cement, iron, purlins, and blocks in order to build the front wall of the house and offer security to his family.
View original language description ↓
El Señor Oscar Martínez tiene 63 años de edad, vive en el barrio Laureles Sur de Managua en la capital de Managua, casado, su esposa ama de casa, tiene cinco hijos dos ya casado y tres viven con ellos. Poco a poco han ido construyendo su casa, les falta todavía una parte de la casa lo cual Don oscar solicita un préstamo de vivienda. Gracias al préstamo en Afodenic que es su sexto ciclo lograra comprar materiales de construcción como: cemento, hierro, perlines, bloque para construir la pared del frente de la casa y brindarle seguridad a 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

  • $3,636
    Average annual income
  • 137
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Oscar Humberto purchase construction material to build a wall of a house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2009
Listed
Jun 4, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010