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Melania
Melania is 41 years old and lives in the Villa Reconciliación neighborhood. Her husband is a bricklayer and she has a 12-year-old son in elementary school. Melania has had a business selling clothing for the past six years. She started her business with her own money and with help from her husband.

Melania plans to use the requested loan to make improvements to her house, including roof repair. To do this, she will purchase zinc sheeting and construction materials. Over the long term the loan will be used to increase her inventory, attract more clients, be able to offer a variety of products to her clients, continue making improvements to her house, and support her son's studies.
View original language description ↓
Doña Melania tiene 41 años de edad, habita en el barrio Villa Reconciliación, su esposo trabaja de albañil y tiene un hijo de 12 años de edad que esta cursando la primaria. El negocio de la Sra. Melania es la venta de ropa, con seis años de experiencia, e inició con fondos propios y con ayuda de su esposo
Con el préstamo que esta solicitando es para hacer mejoras en su vivienda en la reparación del techo para lo cual va a comprar láminas de zinc, y materiales de construcción. A largo plazo es incrementar su inventario, captar más clientes y poder ofrecer variedad a sus clientes, seguir haciendo mejoras en su casa, y apoyar a su hijo con los estudios

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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Melania replace roof of her house.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 11, 2008
Listed
Oct 27, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009