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Fausto Jose
Fausto is 43 years old and lives with his wife Grace Gutierrez, who is a housewife, and his children who help him with the work on his farm in la Tigra, el Jicaro district of the town of El Almendro. He is a producer and livestock farmer. This gentleman makes income by selling products from his farm as he is the owner of his production unit. Through his own hard work he has achieved all that he now has since he is a very hard-working man of good habits.

Fausto would like to continue making progress which is why he is requesting his first loan through Kiva to invest in improving his home which will provide his immediate family with better living conditions.

Fausto's greatest dream is for his children to be good people and to provide them with better comfort in their home.
View original language description ↓
Fausto de 43 años de edad vive con su esposa Grace Gutierrez quien es ama de Casa y sus hijos quienes le ayudan en las actividades de la Finca, en la Comarca la Tigra, el Jicaro del municipio de El Almendro, es un productor y ganadero. Este señor recibe ingresos por venta de productos de su finca, siendo propietario de su unidad de producción, con esfuerzo propio ha logrado lo que ahora tiene, ya que es una persona muy trabajadora y de buenas costumbres,
Quiere seguir progresando por lo que solicita su primer financiamiento mediante Kiva para invertirlo en mejorar su vivienda la que dará mejores condiciones a su núcleo familia.

Su mayor sueño es que sus hijos sean personas de bien y brindarles mayor comodidad en su vivienda.

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

  • $3,636
    Average annual income
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • 21.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Fausto Jose to buy building materials to improve his home.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012