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Jose Oswaldo
José is a young 22 year-old man who is the father of a family with one child. Together with his wife he works hard to improve their home. José works as a salesman for the Coca Cola company, traveling all over the capital to offer their products. His priority is to each day improve the house; with the previous loan he has succeeded in adding a room. Now he wants to plaster the walls, purchase secure doors, as the current ones are in poor shape, add a floor, as the current one is just dirt, and improve the decoration by painting. For these projects José will purchase construction materials like sand, cement, stone, flooring, and paint to begin. Only with this loan can he make these improvements, as his salary is minimal and he gets paid by commission. For this reason he leaves very early to work in the morning to earn a little more and thus be able to satisfy his family's needs, like a better home. He is succeeding with the help of Afodenic.
View original language description ↓
El joven José tiene 22 años de edad, es un padre de familia de un hijo, junto con su esposa se esfuerzan para poder tener una mejor vivienda, el trabaja como asesor de venta en la compañía Coca Cola, en donde recorre toda la capital, como los departamentos para ofrecer los productos. Su prioridad es cada día mejorar la casa, con el crédito anterior logro hacer un cuarto, ahora desea repellar las paredes, comprar puertas seguras ya que las que tiene están en malas condiciones, poner el piso ya que es de tierra y lograr mejor higiene como pintar. Para esto comprara materiales de construcción como:, arena, cemento, piedrin, piso y pintura para comenzar la obra, ya que solo mediante con el financiamiento puede hacer estas mejoras, ya que su salario es un básico y gana por comisión de venta, es por eso desde horas temprana sale a trabajar para poder ganar un poco mejor y poder sastifacer las necesidades de su familia. Como ofrecer una mejor vivienda. El cual esta logrando con ayuda 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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Jose Oswaldo purchase of sand, cement, stone, flooring, and doors to make improvements to his family's living conditions.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 30, 2010
Feb 2, 2010
Currency Exchange Loss:
Feb 15, 2011