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Francisco
Francisco V. lives in zone #7 of Nueva Guinea, is married and the father of 5 children: 4 girls and a boy, who are all studying. Francisco has worked as a security guard for the past 19 years, and is a responsible, honest and hard worker who as a child learned to value work and family above all. Francisco shares responsibility for household expenditures with his wife, who works in a plant processing root vegetables.

Mr. Velazques seeks his 6th microcredit loan in order to constuct an additional room on his house in order to provide for his children with increased space, privacy and security in their modest home. He is very grateful to AFODENIC for its microlending services, which have greatly benefited his family and household. Francisco hopes for continued work stability, a dignified home and success for his children in their studies.
View original language description ↓
Don Francisco V. vive en la zona # 7 de Nueva Guinea, es casado y tiene 5 hijos: 4 mujeres y un varon, todos estudian. Francisco trabaja como Guarda de seguridad desde hace 19 años, el se caracteriza por ser muy responsable, honesto y trabajador desde niño a aprendido a trabajar y a valorar lo que mas ama su familia, su esposa labora como operaria de una planta procesadora de tuberculos, ambos comparten los gastos familiares del hogar y los compromisos adquiridos.

Está solicitando financiamiento de su 6to credito, con el cual pretende construir una habitaciòn y asi brindarles a sus hijos mayor privacidad y seguridad, ya que son una familia de escasos recursos econòmicos. Expresa que se siente muy agradecido con AFODENIC ya que poco a poco han mejorado su nivel de vida, pues los creditos anteriores los ha invertido en la mejora de su casa.

Su sueños es tener estabilidad laboral, una vivienda digna y que sus hijos sigan estudiando.

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 Nicaragua

  • $4,800
    Average annual income
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Francisco room addition for house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2010
Listed
May 2, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012