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Alvaro José
Sr. Alvaro is a resident of the town of Ticuantepe. He lives with his children and his wife, who works for a private household as a way of helping with the expenses. The plans for his family include improving their living conditions. His major challenge is not having enough money from his salary to make a one-time purchase of all of the construction materials for his home.

He is grateful to AFODENIC for providing Kiva funds to low-income people because the program allows them to repay in small installments until they are able to fully pay back their loans.

View original language description ↓
El señor Alvaro, es habitante del municipio de Ticuantepe, junto a sus hijos y esposa , la cual labora en una casa privada , para apoyarle con los gastos del hogar , los planes hacia su familia es poder mejorar las condiciones de vida , la mayor afectación que se le presenta es que su sueldo no le ajusta para comprar de una sola vez todos los materiales de construcción , ya que agradece Afodenic atrávez de fondo Kiva el apoyo que le brinda a personas de bajos recursos ya que por medio de sus posibilidades van pagando cuotas bajas , hasta lograr su cancelación

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
  • 69
    View loans »
    Nicaragua Loans Fundraising
  • $25,754,375
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Alvaro José to purchase construction materials for his home.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 24, 2011
Jun 27, 2011
Currency Exchange Loss:
Aug 16, 2012