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Michel Joaquin
Sr. Michel E. is 24 years old and single. He lives in the region of Monte Fresco in the city of Villa del Carmen, district of Managua. He helps his mother with the household expenses. He plans to make improvements to his house so that his mother can live more comfortably. Previously, he worked as an assistant at a grocery store in Villa del Carmen. He now works as a construction worker in Managua, which he has been doing for 6 months. His current job has given him enough knowledge to do his own home projects.

Thanks to AFODENIC, he will be able to buy construction materials such as cement, iron, blocks, and zinc to build a wall that will give him a secure and decent home.

View original language description ↓
El señor Michel E. de 24 años de edad, soltero, habitante de la comarca Monte Fresco, Municipio de Villa del Carmen del departamento de Managua, le ayuda a su madre en los gastos de su casa. Como planes que tiene es mejorar su vivienda para ofrecerle una mayor comodidad a su madre. Se desempeña como auxiliar de bodega en la alcaldía de Villa del Carmen desde hace seis meses anteriormente trabajaba en Managua como obrero de construcción, lo que significa que tiene suficiente conocimiento en lo que es construcción. Gracias a Afodenic lograra comprara materiales de construcción como: cemento, hierro, bloque y zinc para construir una pared y poder estar terne una casa segura y digna.

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.

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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • 20.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Michel Joaquin purchase construction materials to build a security wall.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 14, 2009
Aug 2, 2009
Currency Exchange Loss:
Aug 15, 2010