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Jorge Luis
24-year-old Jorge works as a teacher providing technical training at CETA INATEC (an agricultural technical education center). He is requesting his first loan to buy a plot of land on which to build his own home in the future so that he has something to offer his family. At work, Jorge is known as a person who is responsible with his obligations, honest, hard-working and very well liked by his colleagues. His dream in life is to own his own home and help his family.
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Jorge de 24 años de edad, trabaja como docente de formacion Tecnica en el Ceta INATEC. Solicita su 1er crèdito para comprar un solar para en el futuro construir su propia vivienda y tener que ofrecerle a su familia. En su centro de trabajo es reconocido como una persona responsable con sus obligaciones, honesto, trabajador y muy querido por sus compañeros de trabajo, su sueño en la vida es tener su propia casa y ayudar a su 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 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
  • 163
    View loans »
    Nicaragua Loans Fundraising
  • $23,187,275
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Jorge Luis to buy a plot of land.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2011
Listed
Aug 26, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012