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Miguel Angel
Miguel is married. His wife works and his children study. Miguel's main priority is that his children get an education. He plans to improve the infrastructure of his house little by little. Miguel has worked as a machine operator for a long time. He is grateful for the loan because he needs to get a new roof before the rainy season. He will buy materials like sheets of zinc, beams, bolts, blocks, cement, sand and bricks. His plan is to change his roof and raise it a little higher. His goal is to have a more secure house.
View original language description ↓
Miguel es casado, su esposa trabaja como afanadora, sus hijos estudian y que se preparen es su mayor prioridad. Sus planes mejorar la infraestructura de la vivienda poco a poco. Trabaja como operador de maquinas desde hace un tiempo. Agradece a la financiera por el préstamo ya que requiere cambiar el techo de la casa antes de los tiempos de lluvia. Comprara materiales como laminas de zinc, perlines, golosa, bloques, cemento, arena y piedrines entre otros materiales ya que sus planes es cambiar el techo y levantarlo un poco más. Obtener mayor seguridad.

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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,405,100
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Miguel Angel to buy materials to build a new roof.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2011
Listed
May 20, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012