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Teodoro is married and has worked as a merchant for some time. His wife helps him by selling products. Teodoro has faced difficulty since suffering an accident that caused him to neglect his business. He started out using his own savings.

In this loan cycle, he will invest his funds in the purchase of construction materials such as cement, stone, blocks, sand, and other items. He plans to build a wall that will act as a divider in his house. Teodoro is grateful for the financing so that he can develop and improve his family’s standard of living.

View original language description ↓
Teodoro desde hace un tiempo es comerciante, casado su esposa le apoya en la venta de los productos. Se le presento la dificulta de sufrir un accidente el cual ocasionó descuido en el negocio. Lo inicio con ahorros propios. En este ciclo de préstamo será invertido en la compra de materiales de construcción como: cemento, piedra, bloques, arena, camisa entre otros materiales. Para la construcción de pared que será de división de la casa. Agradece a la financiera para el desarrollo y mejor nivel de vida de su familia.

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
  • 48
    View loans »
    Nicaragua Loans Fundraising
  • $26,293,200
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Teodoro purchase construction materials to put up a dividing wall in his house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 14, 2011
Mar 1, 2011
Currency Exchange Loss:
Jan 15, 2012