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Segundo Martin
Segundo Martín lives in the town of Masaya with his family. He works a lot because he wants to improve himself in life. He works as an analyst in an institution.

Currently he wants to make some improvements on his house because there's some deterioration. With this new loan he'll buy construction materials such as sand, cement, cinder blocks, and rebar.

He's grateful for the trust and support that AFODENIC and Kiva Funds have placed in him.
View original language description ↓
El señor Segundo Martin, es habitante del municipio de Masaya, junto a su familia trabaja mucho ya que el desea superarse en la vida, labora como Analista en una Institucion, actualmente quiere realizar algunas mejoras en su casa ya que esta presenta ciertas deteriorizaciones, con este nuevo financiamiento comprara Materiales de Construccion como: Arena, Cemento, Bloques, Hierro. Agradece la confianza y el apoyo que Afodenic y fondos Kiva le han brindado.

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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,500 helped Segundo Martin to buy construction materials.
99% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014