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Anonymous Group
In this Group: Anonymous, Anonymous, Anonymous, Anonymous, Anonymous, Anonymous, Anonymous
Due to the borrower having another Kiva loan that is currently anonymous, we have chosen to hide this loan's description in order to preserve the borrower's privacy.
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Additional Information

More information about this loan

This loan is part of an AFODENIC pilot project to provide capital to Drinking Water and Sanitation Committees. These committees are comprised of community members who work on a volunteer basis to manage wells and water distribution in the rural areas where they live, which do not have access to government-provided running water. Loans are disbursed to committee members, who represent their entire communities – hundreds or even thousands of individuals – using a solidarity guarantee. Committees use these loans to repair water pumps, install water meters, and buy new pumps or motors for existing distribution systems. Loan repayments are made jointly via small contributions from all members of the community who benefit from water access. Committee members are responsible for collecting and tracking repayments. Kiva is very excited to support AFODENIC's initiative to expand access to clean drinking water in rural Nicaragua. 

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $3,636
    Average annual income
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,386,550
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Anonymous Group's $3,625 loan helped a member to buy air valves and a main guage.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2012
Listed
Feb 20, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 18, 2012