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Nelson Billy
Nelson lives in the municipality of Ticuantepe together with his wife and children. He dreams of having a nice house in good condition. His wife supports him in all his decisions, and she helps him with the household expenses as he is a merchant. He has a business where he sells shoes, clothing, chairs and plastic tables. With this new loan he will buy construction materials to build part of the wall of his house. He appreciates the support that Afodenic and and the Kiva lenders have given.
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El Joven Nelson habita en el municipio de Ticuantepe junto a su esposa e hijos el sueña con tener una casa digna y gozar de buenas condiciones, su espos alo apoya en todas sus decisiones, ella le ayuda con los gastos del hogar ya que es comerciante y el tiene su negocio donde vende, Zapatos, Ropa, Sillas y mesas platicas. con este nuevo credito comprara Materiales de Construcion para levantar parte de la pared de su casa. Agradece el apoyo que Afodenic y Fondo 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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Nelson Billy to buy construction materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2013
Listed
Feb 12, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014