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Silvestre Melanio
Silvestre Melanio Chavarría is a hard-working person. His objective in life is to improve the home where he lives with his family. With a great deal of effort he has been setting-up his house. However, due to the lack of finances he has not finished making the improvements it needs.

He is currently requesting a loan to be able to fulfill his dream, which is buying materials to improve his home. He will buy cement block, sheets of corrugated zinc, cement, doors, sand, and other items.
View original language description ↓
Silvestre Melanio Chavarría O. es una persona trabajadora que su objetivo en la vida es mejorar la vivienda donde habita con su familia, con mucho esfuerzo el ha venido acondicionado su vivienda pero por falta de capital económico no ha terminado de realizarle las mejoras que el necesidad. Actualmente el esta solicitando un financiamiento para poder cumplir su sueño que es comprar material para mejorar su vivienda lo que le va a comprar es Bloque, zinc, cementos, puertas, arena entre otros.

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,544,375
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Silvestre Melanio to buy cement block, sheets of corrugated zinc, cement, doors, sand, and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2011
Listed
Nov 28, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012