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Miguel Angel
Miguel Angel is 35 years old and has one daughter. He works hard everyday to offer her the best life. His wife takes care of the home but doesn't work due to the high unemployment rate. Miguel once made a living selling books as a travelling salesman, but now he works as a dispatcher for a medical product warehouse.

Miguel needs to improve the appearance of his home and so he will begin to build more rooms.He is requesting the loan for this reason, to buy building materials, such as blocks, cement, iron, sand and gravel, and so he can pay for the labor. In this way he will slowly improve his quality of life. He has a strong desire to succeed in life and as a result continues to study. He is in the final year of his banking and finances degree.
View original language description ↓
El señor Miguel Angel, de 35 años tiene una hija por quien trabaja a diario para brindarle lo mejor como padre, su esposa se encarga del orden del hogar no trabaja debido al alto índice de desempleo , Miguel trabajo vendiendo libros de manera ambulante ahora labora para una bodega de productos médicos como despachador, el tiene la necesidad de mejorar la apariencia de su casa por lo que empezara a construir cuartos, es por eso que solicita el credito para comprar materiales como bloques, cemento, hierro, arena, piedrines y pagara la mano de obra, así ira poco a poco mejorando su nivel de vida, tiene muchos deseos de superación por lo que continua estudiando, siendo este su ultimo año de la carrera en banca y finanzas.

Additional Information


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
  • 81
    View loans »
    Nicaragua Loans Fundraising
  • $25,384,750
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Miguel Angel to buy blocks, cement, iron, sand and gravel and to pay labor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Mar 2, 2013
Currency Exchange Loss:
Apr 16, 2014