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Juan Carlos
Juan, 44, is married and lives in the Villa Reconciliacion neighborhood. His wife works as a maid; she gets up very early to do her own housework, take care of her husband's and their four children's needs, and then she goes off to work. Two of the children go to elementary school in the morning, and the other two attend middle school in the afternoon.

Juan's business is a TV, radio, stereo repair shop. He also has a delivery service on the side to increase his family income. Juan used to work in welding, and after taking an electronics course, he got the idea of starting the repair business eighteen years ago, and it has become the main source of income for his family.

He would like to reach more customers for his business, but the purpose for this loan is to finish building a gated porch to stay a little safer from theft and vandalism.
View original language description ↓
El Sr. Juan tiene 44 años de edad, es casado, y habita en el barrio Villa Reconciliación. Su esposa trabaja en una casa particular en servicios domésticos, quien se levanta en horas de la mañana para poder hacer sus labores en su hogar, atender a su esposo e hijos ya que estudian dos por la mañana en la primaria y los otros dos cursan la secundaria por la tarde, y después ella sale para su trabajo. El negocio de don Juan, es la reparación de radios, TV, equipos, entre otros, también brinda servicio de acarreo, y así se ayuda con otros ingresos para cubrir los gastos del hogar, lleva dieciocho años en el negocio, desea tener mas publicidad para captar mas clientes, el trabajaba en soldadura metalúrgica y estudio un curso de electrónica así fue que tuvo la idea de tener su propio negocio el cual ha sido una fuente de ingreso para subsistir con su familia. La solicitud de préstamo es para infraestructura va a terminar de construir su porche, hará el enverjado, para tener un poco mas de seguridad ante la delincuencia.

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 19.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Juan Carlos finish home's gated porch.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 7, 2008
Listed
Sep 23, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009