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Raquel De Los Angeles
Raquel is a young woman who, along with her husband, who still works as a taxi driver, strives to support their two children, with the income from her small bookstore business. Her children are under 15, and this has helped her with her their school expenses.

She is applying for her fifth loan, in order to replace the roof, which is in very poor condition. Now that winter is approaching, she wishes to get ready so that they can be comfortable in their home. She will also install tile on the floor of the main room, so that the home looks nice. For this, she needs to buy sheet metal roofing, perlins, tile, cement and other items.
View original language description ↓
La joven Raquel lucha al lado de su esposo quien continua trabajando como taxista, para apoyar a sus dos hijos menores de 15 años con los ingresos de su pequeño negocio de librería se ha ayudado para los gastos de estudios de sus hijos, ella solicita un quinto crédito para cambiar el techo que está en muy malas condiciones y ahora que se acerca el invierno desea prepararse para estar cómoda en su vivienda así como también le pondrá cerámica al piso de la sala para ver bonita su vivienda para ello necesita comprar laminas de zinc, perlines, ceramica, cemento, entre otros.

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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Raquel De Los Angeles to buy sheet metal roofing, perlins, tile, cement and other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014