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Eddy Orlando
Eddy, 48, lives in Ticuantepe. He’s been employed by a financial institution for two years. This is his first credit experience. Eddy will use it to make improvements to his house’s infrastructure. He will add a room and fine touch the walls in his house. To do so he needs to buy concrete blocks, cement, iron and gravel.

He’s an agronomist, married and his wife’s a merchant. They have a small, home-based business that helped him with the daily support of his two children who are now independent adults and who help out their parents.
View original language description ↓
Don Eddy de la edad de 48 años vive en el municipio de Ticuantepe, es empleado de una financiera desde hace dos años, esta es la primer experiencia crediticia que va a emplear Eddy con el objetivo de mejorar la infraestructura de su vivienda realizando un cuarto dándole fino a la pared de su casa, por lo que necesita comprar bloques, cemento, arena, hierro y piedrín, el es ingeniero agrónomo, casado la esposa es comerciante tienen un pequeño negocio en su casa con lo que se ayudo para el sustento diario de sus 2 hijos quienes ahora son mayores de edad, independientes y le ayudan a sus padres.

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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Eddy Orlando to buy building materials and supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013