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Vicente Azael
Vicente Azael from the community of the Granadino Municipio el Coral has worked for the mayor's office for one year. He is a man who likes to improve himself and help his family, as they have limited economic resources. He is seeking his first loan from AFODENIC, which will be invested in home improvements. He needs to improve his house and in this way enjoy better living conditions in his home, together with his family. Don Vincente is a hard-working man and on his free days he works on his farm, looking after his livestock. He also has good personal references from his neighbours in the community.
View original language description ↓
Vicente Azael de comunidad el Granadino Municipio el Coral, tiene un año de laborar para la alcaldia del coral, es un hombre que le gusta superarse y ayudar a su familia ya que son de escasos recursos economicos, solicita su primer crédito a la institución de AFODENIC, el que será invertido en mejoras de su vivienda, necesita ampliar su casa y así gozar de mejores condiciones de vida en su hogar en conjunto con la familia. don Vicente es un hombre trabajador en sus dias libre trabaja en la finca cuidando su ganado, también tiene buenas referencias personales de los vecinos de su comunidad.

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
  • 161
    View loans »
    Nicaragua Loans Fundraising
  • $23,192,125
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Vicente Azael home improvements.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2010
Listed
Jan 20, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011