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Sr. Abraham is 42 years old. He and his wife started their family at a young age and now they have three children. Abraham has been selling chamomile and cinnamon wholesale for the past seven years. He previously sold these products before, but he gave it up when he attracted more customers selling medicine, which he was able to acquire at low cost and generate good sales. Within the past few weeks, his sales have gone down. Prices have increased on everything as a result of the financial crisis the country is experiencing. There are few jobs and workers are underpaid.

Abraham wants to enclose his land, so he started building a wall around his property. However, he lacks the remaining materials to finish the wall. He needs to buy cement, sand, and gravel and also pay for labor. A completed wall will provide better security against the crime that is plaguing the neighborhood. His previous loans have been the only means in which Abraham has been able to make improvements to his small modest home. It is important to enclose his land so that he can continue making improvements to his house at a later time. He is happy that he is able to achieve his objectives, thanks to the financing provided by AFODENIC.

View original language description ↓
El señor Abraham tiene 42 años de edad, desde joven logro formar su familia el cual su esposa procreo tres hijos, su trabajo es la venta de especies de manzanilla y canela al por mayor el cual lleva siete años en las ventas, el trabajaba antes en el mismo oficio de especies pero renuncio el cual puso su pequeña venta y poco a poco fue captando clientes lo cual se vende mucho por ser medicinales, por ser buenas y de bajo costo. Sus ventas han estado bajas en las últimas semanas, como todo ha incrementado las ventas bajaron, todo esto se debe a la crisis que el país esta pasando poco, empleo y mal pagados. Su necesidad es poder cerrar bien su terreno ya que poco a poco ha venido haciendo el muro por toda su propiedad. Pero a un le falta es por eso comprara el resto de materiales para terminar el muro ya que el aun tiene material es por eso solo comprara: cemento, arena, piedrin y pagar la mano de obra para terminar su muro y estar con mejor seguridad de la delincuencia que asecha el barrio. Estos créditos han sido solo para mejorar su vivienda con el crédito anterior pudo mejorar su pequeña y humilde casa. Para el es importante cerrar todo su terreno para luego continuar mejorando su casa. El cual esta contento por poder lograr sus objetivos, gracias al financiamiento de Afodenic.

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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Abraham purchase construction materials to finish building a wall.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jan 20, 2010
Jan 23, 2010
Currency Exchange Loss:
Dec 15, 2010