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Nicolas Alberto
Nicolas is from New Guinea. He works as a mechanic at a nearby uncle’s shop. His wife works for the public sector. Both of them are responsible people, and they are very earnest. They do not yet have children.

He is requesting this loan to buy construction materials in order to build an annex onto his house that is being built. It is not yet ready to inhabit. That is why he very much needs to prepare a place to live provisionally with his wife. They currently live with a relative.

Nicolas has been building his house little by little, part by part, with help from his wife. His biggest ambition for the future is to finish his house in order to have a decent home and to await his children in good living conditions.
View original language description ↓
Nicolas es originario de Nueva Guinea, se dedica a la mecánica en un taller de un tío cercano, su esposa labora para el sector publico, ambos son personas responsables y muy esforzados, no tienen hijos aun, solicita este crédito para comprar materiales de construcción para realizar un anexo en vivienda que tiene en proceso y que aun no presta las condiciones para habitar por lo tanto necesita acondicionar un local donde habitara provisionalmente con su esposa pues actualmente viven donde un familiar, don Nicolas ha ido construyendo poco a poco parte por parte con ayuda de su esposa su vivienda y su mayor propósito a futuro es terminar su vivienda para contar con un hogar digno y esperar a sus hijos en buenas condiciones.

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.

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About Nicaragua

  • $3,636
    Average annual income
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $600 helped Nicolas Alberto to buy construction materials.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2014
Listed
Jul 25, 2014
Currency Exchange Loss:
Possible
Expired:
Aug 24, 2014