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Lorenzo Juan
Sr. Lorenzo, 31, lives in El Rama. He has worked for a year in El Inta as a day laborer.
He is single and has responsibility for one other person. He is working to support himself and get ahead. He is a responsible person, decent and uncomplicated.
He is applying for a loan that he will use to buy construction materials. He wants to improve his house by building a 185 square-meter add-on.
He wants to continue improving his house and plans to apply for other loans after he repays this one.
View original language description ↓
El Sr. Lorenzo, de 31 años de edad, habita en el municipio del Rama la RAAS, trabaja en el Inta, desde hace un año, se desempeña como Jornalero. Es soltero, tiene una parsona a cargo, se esfuerza para lograr sus metas y vivir comodo, es una persona responsable, humilde y sencillo.
Solicita su credito para comprar materiales de construccion y poder hacer un anexo de 3 x6 = 185 mts2 y asi darle una mejor vista a su casa donde habita.
Desea tener una mejor comodidad en su hogar, pues piensa que cuando cancele este credito solicitar otro financiamiento para ir poco a poco mejorando las condiciones en su 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
  • 141
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Lorenzo Juan to buy construction materials for house improvement project.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013