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Pedro Renato
Pedro is a salaried employee, and his wife sells tortillas. They pay household expenses with their income. They have three dependent children; the two youngest are students. Pedro has worked as a driver for the mayor's office for many years. He will use the loan he has applied for to buy construction materials and to pay workers to build a porch that will keep rainwater out of the living room and avoid inconvenience for his family.
View original language description ↓
El Sr. Pedro, es asalariado, su esposa vende tortillas de esta manera ambos comparten los gastos del hogar, tienen tres hijos que dependen económicamente de ellos, el cual los dos menores están estudiando. Pedro trabaja para la Alcaldía como conductor desde hace muchos años. Con el crédito que solicita desea comprar materiales de construcción y pago de mano de obra. Para hacer un porche, de esta manera evitar que se meta hasta la sala el agua cuando llueve, provocando incomodidad a la 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

  • $3,636
    Average annual income
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,201,925
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $900 helped Pedro Renato to buy cement, sand, iron, and blocks and to pay for labor.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Possible
Expired:
Aug 3, 2013