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Esteban
Esteban is storekeeper of a grocery store that he runs with his wife. Their business has been open for 11 years. Though by profession he is a mechanic, he does not practice much because he injured his feet in an accident. With this other income he is able to pay his basic expenses.

Esteban has been improving the infrastructure of his home, where he has built a wall that is very important for his safety. Currently, he will work on putting in a new roof and floor for the shed. He needs to buy blocks, sand, and cement to begin building.
View original language description ↓
Don Esteban es comerciante de una pulperia que administra junto a su esposa, su negocio tiene once años en las ventas, pues de profesion es mecanico pero debido a su condicion de su pies, que tuvo un accidente, lo ejerce poco. Y que con esos otros ingresos se ayuda para pagar gastos basicos.
Don Esteban ha venido mejorando la infraestructura de su vivivenda en donde ha hecho el muro, que es de gran relevancia para su seguridad, hoy en dia hara cambio de techo y el piso del bajarete, los materiales a comprar bloques, arena, cemento, y comenzar la obra.

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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Esteban to buy construction materials to repair the roof and put a floor in the shed, improving the condition of his home.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2011
Listed
Aug 12, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012