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Roldan
Roldan is a young man who wants to finish building his house because he wants for his children to have a safe home. He is confident that through vegetable sales and his small grocery store business he will achieve his dream. He didn’t have the support of his parents to get ahead in life, and this was a big difficulty for him. But through his own work, he is covering the costs of studies for his two children and supports his wife. This is the first loan he is requesting to buy cement blocks, cement, rebar, gravel, sand, and quarry stone so that he can continue building the walls, roof, and windows and finish this big dream for his family.
View original language description ↓
Roldan es un joven que desea terminar de construir su casa porque quiere que sus hijos tengan un hogar seguro y confía que con las ventas de verdura y negocio de pulpería lograra este sueño, el no tuvo apoyo de sus padres para progresar en la vida y eso fue una dificultad muy grande para salir adelante, pero con sus propios esfuerzos cubre con los gastos de estudios de sus dos hijos y poya a su esposa. Este es su primer crédito que solicita para comprar bloque, cemento, hierro, piedrín, arena, piedra cantera para seguir levantando paredes, techo y ventanas y así concluir esta gran ilusión con su familia.

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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,557,075
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Roldan to buy cement blocks, cement, rebar, gravel, sand, and quarry stone.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014