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Ronald Ivan
Ronald continues to work as a mechanic. He is a hard-working man with many hopes for the future for his family of five children. He wants to be able to provide them with adequate housing, and now that he has the opportunity of this financing he is motivated to build a concrete house, as the one he has now is made of metal. This is his second loan. With the first loan he bought stone and concrete blocks. Now with this new loan he will buy: cement, iron, and sand, with which to start the work later. He is building in stages because he has to cover the household expenses.
View original language description ↓
Don Ronald, sigue laborando en mecanica, es un hombre trabajador con mucha expectavivas a futuro, para su familia de cinco hijos en donde espera poder hacerle un techo digno, y que ahora que tiene la oportunidad de estos financiamiento, esta motivado para construir su casa de concreto, hoy en dia hecha de zinc.
Este es su segundo prestamo, con el primero compro piedra, y bloques, Hoy con este nuevo prestamo comprara: cemento, hierro, arena, para luego comenzar la obra ya que ira por ciclo, por que tiene que cubrir con los gastos del hogar.

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
  • 161
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Ronald Ivan to buy materials such as cement, iron and sand.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013