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Eddy Francisco
Eddy G., aged 42, lives in Los Cedros in the neighborhood of Villa del Carmen in Managua. His wife stays at home. They have three children, aged 22, 18 and 15, who are all studying. He strives to provide his children with a better future by improving their living conditions. Since the institution of the new Government, Eddy has been working in the city hall of Villa del Carmen as a deputy director in the land registry office. Before that he managed a development project.


Eddy was confronted with difficulties to complete the building of his home for lack of funding. Thanks to Afodenic, he will use this loan to make improvements to his home. He will buy building materials such as cement, bricks and gravel to get a new floor in the kitchen and the living room.

View original language description ↓
El señor Eddy G. de 42 años de edad, reside en el reparto los Cedros, comarca Villa del Carmen del municipio de Managua, casado su esposa ama de casa tiene tres hijos de 22, 15 y 18 años, todos los tienen estudiando. Los planes para su familia es brindarles un mejor futuro a sus hijos, mejorando sus condiciones de vida. Don Eddy se desempeña en el cargo de sub-director catastral desde el inicio del nuevo Gobierno en la alcaldía de Villa del Carmen, anteriormente trabajaba como Maestro de obras de un proyecto para el desarrollo. Se le ha presentado dificultades para culminar su meta de construir su vivienda por falta de financiamiento. Da las gracias a Afodenic por el préstamo, ya que es un beneficio para hacer las mejoras para de su vivienda el cual realizara la compra de materiales de construcción como: cemento, ladrillos y piedrines para el cambio de piso en la parte de la cocina y sala.

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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,421,000
    Funds lent in using Kiva
  • 20.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Eddy Francisco to buy building materials to get a new floor in his home.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2009
Listed
Aug 2, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011