During the ten loan cycles in which she has worked with AFODENIC, Eufemia has been able to make improvements to her home. With her previous loan, she was able to repair the wall at the back of her house. Today, with this new loan, she will continue with the work on the south wall and finish the enclosure of a room. She will buy materials such as sheets of zinc, iron, stone, cement, and other supplies that are needed to complete the work. Utilizing a loan is the only possible way for her to spread out her expenses.
Durante diez ciclos ha venido trabajando con financiamiento que Afodenic ha dado, en donde ha logrado las mejoras a su vivienda, con el credito anterior reparo su muro de atrás, hoy con este nuevo financiamiento, seguira levantando pared al lado sur y continuar cerando un cuarto, materiales a comprar: laminas de zinc, hierro, piedra, cemento, hierro entre otros materiales a necesitar para comenzar la obra. Que solo por este medio le es posible ya que equilibra los gastos.
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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Success!! The loan was 100% repaid