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Luis Felipe
Luis is a bricklayer by profession. He continues to work every day for his family’s wellbeing. His wife helps him out working as a stylist because their objective is to build their house; he’s done quite a few improvements already thanks to his savings and loans from Afodenic.

Nowadays he wants to build a lean-to in the front because the roof's overhang is short and when it rains water gets in and he wants to take care of this need; he also wants to plaster the inside of the rear walls.

He’s happy because doing home improvements has been easier and he’s made faster progress saving on labor costs since he does the work himself. With his previous loan he was able to finish installing the ceiling.
View original language description ↓
Don Luis de oficio albañil, sigue trabajando cada dia, para el bienestar familiar, su esposa lo apoya al laborar como estilista, pues como objetivo ha sido la construccion de su casa, en donde ha hecho bastante mejora con sus ahorros y financiamiento en Afodenic.
Hoy en dia hara un bajarete en la parte de enfrente, ya que al llover el alero esta corto, y se le mete el agua, y desea poder cubrir esta necesidad, y repellar paredes interna en la parte de atrás.
Contento por que se le ha hecho mas facil, las mejoras a su vivienda, al avanzar mas rapido, ahorandose el costo de la mano de obra, ya que el mismo la trabaja, con su credito anterior logro terminar la instalacion de cielo razo.

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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Luis Felipe to some home improvements.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2011
Listed
Oct 14, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 16, 2012