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Rolando Jose
Señor Rolando José Velásquez is 40 years old and lives in the Borgoña neighborhood with his wife who works and helps with the household activities. They have three children whom they support. Their hope for the future is to improve their quality of life. Don Rolando has been a teacher for 10 years. His income is not sufficient to be able to purchase construction materials. This is his sixth loan with our institution. The previous loans have enabled him to improve a large portion of his dwelling. With the loan he will purchase construction materials and begin the remaining home improvements. He gives thanks to the institution for all the support they have given him.
View original language description ↓
El señor Rolando José Velásquez , tiene la edad de 40 años , habita en el barrio , La Borgoña , junto a su esposa , la cual trabaja y le apoya con las actividades del hogar , ellos tienen tres hijos a su cargo , los planes hacia un futuro es mejorar las condiciones de vida , don Rolando se desempeña como docentes desde hace 10 años , su sueldo no es lo suficiente para poder comprar materiales de construcción , ya que el desde hace seis ciclo viene trabajando con nuestra institución y ha logrado mejorar gran parte de su vivienda . Con el préstamo va a comprar materiales de construcción y comenzar hacer las mejoras. Da las gracias a la institución por los beneficios alcanzados.

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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 20.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Rolando Jose to purchase construction materials to finish construction of his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2009
Listed
Aug 10, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010