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Freddy Guillermo
Freddy is a 27-year old young man who lives with his small family: his wife and 3-month old son. He works as an electronic technician and wants to use part of what he earns to change his house ceiling. However, he needs a loan and to pay back in small installments. He will use the requested loan to buy zinc layers ans assembly pieces, and to pay wages.

His goal with this first loan is to prevent the water to filter into the house in the winter. He would still have other pending improvements, such as repairing the walls, that he'll be doing little by little.
View original language description ↓
Freddy es un joven de 27 años de edad, vive con su pequeña familia, esposa e hijo de tres meses de nacido, el trabaja como técnico en electrónica, con sus ingresos desea cambiar el techo de la casa pero para esto necesita el crédito e ir pagando en cuotas pequeñas su préstamo, con el cual comprara laminas de zinc, perlines y pagar la mano de obra, de esa manera evitara que en invierno se meta el agua a su casa, gracias a este primer financiamiento. Quedando todavía pendientes otras mejoras que aún le faltan como darle fino a las paredes entre otros, que solo con el tiempo lo irá haciendo poco a poco.

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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,801,550
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Freddy Guillermo to buy zinc layers and assembly pieces, and to pay wages.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 18, 2013
Apr 1, 2013
Currency Exchange Loss:
Apr 16, 2014