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Melvin Arnulfo
Sr. Melvin Q. is 23 years old and is a resident of the Ceiba District of the town of Villa del Carmen. He is single and lives in his own home with his parents. He is employed by the town of Villa del Carmen and has been working for six months as a technician in the land registry department.

He has undertaken home improvement projects in order to provide greater comfort and safety for his family. He would also like to secure a better job with more benefits. Thanks to his loan from AFODENIC, he will purchase materials such as cement, iron, zinc, and blocks to build an extension to his house.

View original language description ↓
El señor Melvin Q. tiene la edad de 23 años, habitante de la comarca el Ceiba del municipio de villa del carmen, soltero, vive en casa propia con sus padres, trabaja en la Alcaldía de Villa del Carmen como técnico de catastro desde hace seis meses. Sus proyectos ofrecerle mayor comodidad y seguridad a su familia por medio de la construcción total de su vivienda y obtener un mejor trabajo con mayores prestaciones. Gracias al préstamo en Afodenic comprara materiales de construccion como: cemento, hierro, zinc, bloques para un anexo.

Additional Information


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
  • 41
    View loans »
    Nicaragua Loans Fundraising
  • $26,415,325
    Funds lent in using Kiva
  • 20.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Melvin Arnulfo purchase materials to build an extension to his house.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 14, 2009
Aug 16, 2009
Currency Exchange Loss:
Aug 15, 2010