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.
About AFODENICThis 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.
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Success!! The loan was 100% repaid