They do not own a home. For this reason, Danilo is requesting a loan to buy construction materials so that he can start building a house. This is his first loan with AFODENIC and he says he is grateful for the Kiva funds in helping him develop good living conditions for his children. Now he wants to make them more comfortable by developing a better financial situation.
Ellos no habitan en casa propia, es por esta razón que solicitan un préstamo para la compra de materiales de construcción que le permitan edificar su hogar, este no es el primer préstamo con Afodenic, pues dicen sentirse agradecidos con los fondos Kiva por apoyarles a desarrollar en buenas condiciones su hogar y a sus hijos ahora poder ofrecerles mejores comodidades para su desarrollo socio económico.
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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