Check out some available loans that are similar to this one!
Juan Carlos
Juan is a very hardworking man who is dedicated to his family of five children. He learned to repair household electrical goods and welding when he was young, and also buys and sells vehicles. With his savings he bought a vehicle that has been circulating. He buys and sells and gets a good profit.
He works hard in the electrical repair business, and when not doing that he welds to be able to buy his basic food, and he has the help of his wife who works as a domestic maid. And above all, the support of the loan institution through 12 loan cycles has enabled him to improve his home and build it from concrete.
With this loan, he will finish making the porch, put in a proper floor over the current earth floor, and improve the roof, which is in bad condition. For him, it is a pleasure every day to improve his family's well being, which working with Afodenic has made possible.
View original language description ↓
Juan es un hombre muy trabajador, dedicado a su familia, con cinco hijos desde joven aprendió el oficio de técnico en reparación de todos electrodomésticos, soldadura, así como la venta y compra de vehiculo. Con ahorros logro comprar un vehiculo lo que ha venido circulando, compra y vende y le queda buena ganancia.
Gracias a sus esfuerzos de trabajo en electrodomésticos, y cuando no trabaja en soldadura para lograr comprar su canasta básica, cuenta con la ayuda de su esposa ya que esta laborando como domestica. Y sobre todo el apoyo de la institución en donde ha logrado hacer toda su casa de concreto pues todos sus doce ciclos lo ha invertido en mejora a su vivienda.
Con este financiamiento terminara de hacer el porche, poner piso ya que aun es de tierra, a si como mejorar el techado que esta en malas condiciones.
Para el es de mucha alegría cada día mejorar para un bienestar familiar que junto Afodenic se ha hecho posible.


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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Juan Carlos to buy building materials in iron, zinc, and flooring to finish building a porch.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011