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Total loan: $600
Managua, MN, Nicaragua / Housing
Flag of Nicaragua
Victor Manuel's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped Buy rocks, sand, cement, and iron to build a wall in the back of his house.
Victor Manuel's story
Víctor Manuel Rivas has been selling replacement parts for over eight years. He previously worked in sales and earned by commission. Then he used a loan to set up a small business selling replacement parts. Through the years he has been able to invest in it. He has customers, but he frequently gives them credit. Months pass before they are completely paid. Sales are down in his business. This is all due to the bad economy, which has covered the country. He is not doing well with the expenses he has to pay, either. That is why he is asking for a loan to build a wall in the back. He will do this to be able to improve his security conditions. There is a lot of delinquency in his neighborhood. This way he will give his two children a better home and a better education. All of this is because of the support the institution has given him through the loan.
Translated from Spanish by Ginny Kalish, Kiva Volunteer