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Walter Cesar
Walter, 50, is a widower with four adult children. The loss of his wife was very difficult for him as he had to be both father and mother to his children, but now they work and study and he supports them through his work as a builder, the income from which has to cover the household expenses.

With this first loan that he is requesting, Walter wants to repair the walls of his house, particularly the part currently made of wood as it has been badly damaged by the rain and now lets in water so it is a priority to repair it so that his children can live in good quality conditions.
View original language description ↓
Don Walter de 50 años de edad, es un señor viudo con cuatro hijos mayores de edad, para él fue muy difícil la pérdida de su esposa ya que le toco ser padre y madre a la vez, pero hoy en día sus hijos trabajan y estudian y los apoya con su labor como maestro de obras ingresos de los cuales también tiene que cubrir los gastos del hogar. Don Walter con este primer crédito que solicita quiere levantar la pared de su casa especialmente la parte de madera que está tan deteriorada que con las lluvias se le mete el agua y es de prioridad repararla para que sus hijos vivan en buenas condiciones.

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,589,825
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Walter Cesar to buy cement, sand, bricks, iron and stones.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014