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Iris Consuelo
Doña Iris is 48 years old. Her partner works as an instructor at a university. They have two children, ages 25 and 26, both of whom are dependents and working.


Iris has a business selling bananas at a market in Managua. The bananas she sells are from her farm that is managed by one of her children. The loan she is requesting will be used to build a porch for her house in order to provide more comfortable conditions for her family. As a result, this construction project will expand her house, thus allowing her grandchildren to play freely.


Iris needs to buy cement, blocks, sand, iron, and gravel. She will also pay for labor so that the work can continue.

View original language description ↓
Doña iris tiene 48 años, su pareja trabaja como docente en una universidad, tienen dos hijos de 25 y 26 cada uno dependiente y trabajando, tiene el negocio de la venta de plátanos en el mercado de Managua comercializados de su propia finca que administra uno de sus hijos, el crédito lo necesita para construir el porche de la casa para brindarle mayor comodidad a su familia con esta construcción la casa se verá más amplia y sus nietos podrán jugar contentos, para ello necesita comprar cemento, bloques, arena, hierro, piedrines, pagar la mano de obra para continuar la obra.

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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Iris Consuelo to buy cement, blocks, sand, iron, gravel, and to pay for labor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014