For her, it has been difficult to make improvements in her house by herself, but she has progressed little by little with the support that Afodenic has given her through her loans, since now, with everything expensive and her earning little, it isn't possible to do a project. With this loan, she will buy construction materials to make a room in the back part of her house. Since her small house is made of blocks but the room (to be replaced) and the kitchen are of zinc and are already old, what she wants is to begin building and to be able to have more comfort as well as better hygiene. For this project, she will buy blocks, sand, iron, and cement to begin. Her goal is to complete all of her house in concrete, since (with the present zinc construction of the room and the kitchen) she is on the watch for crime every day. She is motivated by the loans, thanks to which she is is able to make a better house.
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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