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Gustavo
Don Gustavo is 61 years old and married. His children are already grown, working, and support him whenever they can. Gustavo works as a security guard in a hospital, where he works 12-hour shifts. He is requesting his fourth loan with the intention of improving his home by repairing the roof and the walls that are in bad condition. In addition, the money will enable him to put up a dividing wall in part of the kitchen. It should be noted that Don Gustavo is a person who greatly desires to improve his family's living conditions. All of the loans he has received from AFODENIC have been used to improve his small house a little bit at a time.
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Don Gustavo de 61 años de edad es casado, sus hijos ya son mayores y trabajan y le apoyan en lo que pueden. Gustavo trabaja como guarda de seguridad en un hospital, donde hace turnos de 12 horas. Esta solicitando su credito con el objetivo de mejorar su vivienda reparando el techo y las paredes que estan en mal estado, ademas si el dinero lo permite desea hacer una division en la parte de la cocina. Cabe señalar que don Gustavo es una persona con muchos deseos de mejorar las condiciones de vida de su familia pues todos los financiamientos recibidos en esta institucion son para ir mejorando poco a poco su casita.

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
  • 153
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Gustavo to repair the roof and walls of his house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014