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Modesto
Modesto, 60, is a friendly man from Puerto Cabezas. He's married and has six children--two youngsters, two teenagers who attend school, and two adults who have their own families.

He's requesting financing to improve the small homes on stilts that he rents at affordable prices so he has an additional income to support his family. He earns a low salary in the institution where he has worked for 20 years as an exterminator (applying chemicals to repel mosquitos). For 16 years he has had a bunkhouse. Nevertheless, with the goal of giving better rental services he built two houses on stilts, each one with its own entrance and latrine.

Modesto's dream is to build 15 homes with concrete skirting and wood skirting.
View original language description ↓
Modesto: Es un señor amable, tiene 60 años de edad, originario de Puerto Cabezas, casado con 6 hijos: dos menores de edad, dos adolescentes que asisten al colegio y dos adultos, los cuales han formado su familia. Solicita financiamiento para mejorar las pequeñas viviendas de tambo y madera que alquila a precios accesibles, con el propósito de contar con una fuente de ingreso adicional, para apoyar a su familia, debido a que cuenta con un bajo salario en la institución que desde hace 20 años labora como abatizador (aplica de químicos para evitar la plagas de mosquitos), por lo que desde hace 16 años tenía una cuartería, sin embargo, con el propósito de brindar una mejor servicio de alquiler construyo 2 viviendas de tambo y de madera, cada una cuenta con entrada independiente y letrina. Su sueño es construir 15 viviendas de minifalda de concreto y minifalda de madera.

Additional Information

About Pana Pana

Pana Pana is a nonprofit civil association founded in 1990 in Nicaragua. The organization’s official name is Asociacion para el Desarrollo de la Costa Atlantica (Association for the Development of the Atlantic Coast) but they have always been know as Pana Pana which means “mutual help” in the local language.

Pana Pana offers loans for commerce, housing, and a small number of agriculture loans. They also have a small social development unit that runs Pana Pana’s non-financial services. This includes technical assistance for housing loans and the development of a water and sanitation project.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $23,480,375
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Modesto to improve the small homes he rents out.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2013
Listed
Dec 25, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2014