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Augusto Manuel
Augusto lives in the Ticuantepe municipality. Together with his wife they have been pulling through to support their children and little by little they have been building their dream, to have a house if their own. His wife helps with the household expenses since she has a small store; she sells used clothes. With the loan from Afodenic he will buy construction materials such as, cement, metal sheets and purlins and he will pay for the construction workers, so they will be able to have a decent home to raise their kids in. He is thankful to Afodenic, which together with Kiva, has trusted him.
View original language description ↓
El Señor Augusto es habitante del municipio de Ticuantepe, junto a su esposa han sacado a sus hijos adelante y an hido poco a poco construyendo su sueño, su casa propia, su espasa le apoya en los gastos del hogar ya que ella tiene un negocito, vende ropa de segunda, con este Financiamiento que Afodenic le ha otorgado comprara materiales para construir como: Cemento, Zinc, Perlines y pagara la mano de obra asi ellos tendran un techo digno para criar a sus hijos.
Agradece a Afodenic quien con Fondos Kivas le han brindado la confianza.

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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $23,820,300
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Augusto Manuel to buy construction materials: cement, metal sheets and purlins.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013