Guillermo has his own truck, bought with savings from his work. He uses it for hauling, which allows him to have another source of income to help pay for basic household expenses, food, medicine and support for his children.
Guillermo has been improving his home with financing from Afodenic. Since materials are costly, with this new loan he will buy: 20 zinc sheets, 10 metal bars, cement and sand to finish the roof and close off the walls. By this means, he will achieve a better home, security and hygiene for his family.
Guillermo ha venido mejorando su vivienda con estos financiamientos que ha logrado en Afodenic, por este medio, ya que los materiales están ah altos costos, hoy con este nuevo préstamo comprara: veinte laminas de zinc, diez perlines, cemento, arena, para terminar el techo, y cerrar los lados , logrando una mejor vivienda, seguridad e higiene para su familia.
About AFODENICThis 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.
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