Leoncio De Maria
With loans through Afodenic he was able to begin construction, which has advanced considerably, and the house now has a better roof for his two children who are in school. With the new loan he plans to build a wall of concrete and wood, which eventually will all be concrete. He plans to finish construction and increase his inventory for his small business.
Es a travez de Afodenic, que comenzo a construir,el cual ha avanzado mucho, teniendo un techo mejor para sus dos hijos, estudiantes.
Con este nuevo prestamo levantara pared, ya que mitad es de concreto y mitad de tabla, eh ir poco a poco cerando de concreto.
Su objetivo es poder cerrarla completamente, a si como seguir aumentando su inventario en su pequeño negocio
About AFODENICThis 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.
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