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Walter Andres
Walter is a 27-year old young man, single and with no children. He is an only child and lives at his parents' house. After working as a taxi driver and as a vegetables deliveryman, he now works in a grocery store at a market in Managua. He has a strong desire of self-improvement, specially of making improvements at his parents' house. This is why he's requesting this first loan that he'll use to change the ceiling, which is very rusty and filters water during the rainy season. As a first step, he will buy zinc and steel layers.
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El joven Walter, tiene 27 años de edad es soltero sin hijos que mantener, vive en casa de sus padres, siendo el hijo único, él ha trabajado de taxista, también entregaba verduras a puestos de ventas, ahora trabaja en un mercado de Managua en un tramo de abarrotería, el tiene muchos deseos de superación en especial de mejorar la vivienda de sus padres, por eso solicita este primer credito para cambiarle el techo de la casa que esta muy oxidado y en la temporada de lluvia se pasa el agua comprara laminas de zinc, perlines para empezar la mejora.

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
  • 173
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Walter Andres to buy zinc and steel.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 7, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014