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Silvio Antonio
Don Silvio is the father of a family with three beautiful children. He and his wife hope to succeed in giving them a good education. He is 41 years old. His wife works selling cellular phones to cover the costs of water and light, among other things, since everything has gone up in cost.


He works as a gasoline pump technician. He has been working in this business for two years, but he has worked at the same job in past years. When he was unemployed, he sold cellular phones to be able to feed his family. With his previous loan he was able to begin building the room but he did not finish it due to lack of capital. For this reason, he will buy construction materials such as stone, sand, cement, and boards to be able to finish the room and a wall that he also wants to make, since what he has now is made of wood and is already very old and in bad condition. Thanks to the instituiton for its support in making this improvement in his home and for the approval of more capital, which he is waiting for to finish the work he began.

View original language description ↓
Don Silvio es un padre de familia de tres hermosos hijos, que junto con su esposa esperan lograr darles una buena educación. Tiene 41 años de edad, su esposa trabaja vendiendo celulares para poder cubrir los gastos de agua, luz, entre otros ya que todo ha incrementado. Su trabajo es técnico de pista en bombas de gasolinera en donde lleva dos años laborando en esta empresa, pero en años anteriores también ha trabajado en el mismo cargo, y cuando estuvo desempleado vendía celulares para poder alimentar a su familia. Con el crédito anterior pudo comenzar el cuarto pero no lo termino por falta de capital es por esta razón comprara materiales de construcción como: piedra, arena, cemento, tablas para poder terminar el cuarto y una división que también desea hacer ya que la que tiene es de madera y esta ya muy vieja y en malas condiciones. Gracias a la institución por apoyar a hacer esta mejora en su vivienda y por la aprobación de más capital lo cual espera terminar la obra que comenzó.

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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,451,300
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Silvio Antonio buy construction materials such as stone, sand, cement, and boards to be able to finish a room.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2010
Listed
Jan 21, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2011