Mrs. Greyda Catalina Rios is 30 years old and she lives in the municipality of Ticuantepe together with her husband. He works as a mechanic in order to contribute towards the household expenses. They have two girls in their care who are in primary school and they need the support of them both. Greyda's dream is to purchase some day a stand in the market in order to have s table business location to sell fruits and vegetables. Throughout this time she has been struggling day after day to provide her little girls with well-being. With the first loan she was able to purchase construction materials to plaster the front section of the house. She now requires to purchase construction blocks, cement, sand, and other materials needed to finish building a room. She will need it in the future so that her daughters will have their own room.
La señora Greyda Catalina R. , tiene la edad de 30 años , habita en el municipio de Ticuantepe junto a su esposo que labora como mecánico , para apoyarla con los gastos del hogar ellos tiene a cargo dos niñas las cuales estudian su primaria y necesitan del apoyo de ambos , doña Greyda tiene el sueño de algún día poder comprar un tramo en el mercado para poder estar estable en su negocio de frutas y verduras , durante este tiempo ah luchado día a día para brindarles sus pequeñas un mejor bienestar ya que con el primer crédito compro materiales de construcción p ara hacer el repello de la casa por la parte de adelante , ahora quiere comprar bloques , cemento , arenas y otros materiales para terminar de cerrar un cuarto ya que ella quiere que en un futuro las niñas tengan su propio cuarto .
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.