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Danilo Candelario
Sr. Danilo Candelario P. G. is 37 years old, married, and lives in the Juan Ramón Padilla subdivision. His wife works as a seamstress and they have two young children attending elementary school. Thanks to their work and the family income, they are able to cover the household expenses.


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.

View original language description ↓
El señor Danilo Candelario P. G., tiene la edad de 37 años es casado y habita en el Reparto Juan Ramón Padilla, su esposa se dedica a la costura y tienen dos hijos pequeños que estudian la primaria, es gracias a su trabajo y los ingresos de su familia, que logran solventar los gastos del hogar.

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.

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 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
  • 107
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Danilo Candelario purchase materials to begin the construction of his house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011