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Mario Gregorio
Sr. Mario lives in Veracruz with his wife and children. His wife operates a food business at a local school. She makes fitangas and nacatamales on weekends to help support the family. Don Mario has his own taxi. He works two shifts a day in order to put bread on the family table. He urgently needs a loan to buy construction materials so that he can build a security wall behind his house. He has been robbed of belongings in the past, belongings that he and his wife worked hard to acquire, and he wants to protect himself and his family. Your loan will allow him to complete the wall before the end of 2012.
View original language description ↓
El señor Mario es habitante del municipio de Veracruz junto a su esposa e hijos, su esposa es comerciante en un colegio cercano a la zona donde viven y los fines de semana hace fritanga y nacatamales para vender de esa manera apoya con los gastos del hogar, don Mario tiene su propio taxi, todas las mañanas sale a trabajar y hace dos turnos para llevar el pan de cada día a la casa. Necesita con mucha urgencia el crédito para comprar materiales de construcción y hacer el muro delantero de su vivienda en donde han entrado a robar sus pertenencias que con tanto esfuerzo los ha adquirido siendo un hombre trabajador y de buenas costumbres, espera que con el crédito pueda cumplir con su meta propuesta para este año 2012.

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

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $850 helped Mario Gregorio to buy construction materials for a security wall.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Expired:
Oct 31, 2012