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Leonardo
Leonardo is a hard working man whose aim is to support his family and provide a proper roof over their heads. Together with loans from Afodenic that he repays in installments, he is reaching this goal.

He has earned his livelihood working as a Security Guard for over five years.

He has invested all his loans in infrastructure and he’s happy for the improvements. Today, with this new loan, he will build a wall in the rear of his property. He will buy building materials and supplies like: stone, sand, cement, iron rods, lumber and nails to get started and gradually finish the project which will provide his family and home with more security.
View original language description ↓
Leonardo es un hombre trabajador con el fin de poder apoyar a su familia, y dar un techo digno que junto Afodenic está logrando por medio de sus financiamientos en donde paga a plazos.
Obteniendo sus ingresos por medio de su labor como: guarda de seguridad desde hace más de cinco años.
Todos sus créditos han sido invertido en infraestructura, lo que está contento por las mejora. Hoy con este nuevo financiamiento será para la construcción de un muro en la parte de atrás de su casa, para esto comprara materiales de construcción como: piedra, arena, cemento, hierro, tablas, clavos para iniciar, y poco a poco terminar la obra. Lo que le dará mejor seguridad a su vivienda y familia.


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

  • $3,636
    Average annual income
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 21.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Leonardo he will buy building materials and supplies to raise a wall on the rear of his property thus obtaining better privacy for his family.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2011
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011