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Leonel Francisco
Leonel Francisco is a native of Puerto Cabezas. He is 29 years old, married, and has one nine-year-old son, who is in third grade. For many years he has lived in his parents' house. He is requesting this loan to buy construction materials such as wood, corrugated metal roofing and wood posts and to pay for the labor to build a wooden stilt house. He hopes to give his family their own, safe home. His dream is to have a house made of concrete and to look after his son's personal and professional education.
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Es originario de Puerto Cabezas, tiene 29 años de edad, casado, tiene un hijo de 9 años, que estudia su tercer grado de primaria. Desde hace muchos años habita en casa de sus padres. Con el objetivo de brindarle una vivienda propia y segura a su familia, solicita financiamiento para construir una vivienda de tambo de madera y comprar materiales de construcción: madera, zinc, clavos, postes de madera y cubrir costos de mano de obra. Su sueño es tener una vivienda de concreto y velar por la formación personal y profesional de su hijo.

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.

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 165
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $475 helped Leonel Francisco to buy construction materials such as wood, corrugated metal roofing and wood posts and to pay for the labor to build a wooden stilt house.
82% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
Jun 29, 2014
Currency Exchange Loss:
Possible