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Norlan Aaron
Norlan, 36, is studying for a degree in mechanics. He works in his profession, and also has a small grocery store that his wife tends to while he goes to work. Together they have a son, 10, who attends school. Norlan wants to raise the wall at the back of his house a bit higher to provide better security to his property and family. To do this, he is requesting a loan for the first time from Afodenic to buy cement, sand, cement blocks, gravel, and steel, and also to pay for labor. In the future, he wants to expand his business and grow it over time.
View original language description ↓
El joven Norlan tiene 36 años, estudio una carrera técnica en mecánica, trabaja en su profesión y también tiene una pequeña pulpería que cuida su esposa mientras el anda trabajando, ambos tienen un hijo de diez años que va a la escuela, Norlan quiere levantar un poco más la pared trasera de su casa para brindar mayor seguridad al predio de la casa y por su puesto a la familia para lograr este objetivo solicita apoyo de crédito por primera vez con Afodenic para comprar cemento, arena, bloques, piedrines, hierro y pagara la mano de obra, como planes futuros desea ampliar mas su negocio para ir creciendo poco a poco.

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
  • 109
    View loans »
    Nicaragua Loans Fundraising
  • $24,829,275
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Norlan Aaron to buy cement, sand, cement blocks, gravel, and steel, and also to pay for labor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014