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Albaro Maikel
Albaro is a young optimist from the city of Biliwi. He’s 27-years-old, married and has three children who attend school very enthusiastically. He’s been employed at the city hospital for 8 years and has been able to improve his income level and access Pana Pana loans. He’s requesting this loan to do home improvements. It will be used to provide separate bedrooms for his children so they can have space of their own with privacy and no overcrowding.

He’s received Pana Pana loans before which have made it possible for him to gradually repair his dwelling. It used to be wood and now it’s cement; he’s sealed the walls and has painted it thus improving is family’s quality of life by living in a safe place.

His dream is to continue supporting his family, especially his wife who is ill and needs to be moved to Managua for surgery, and to move his children forward.
View original language description ↓

Albaro es un joven optimista, originario de la Ciudad de Bilwi, tiene 27 años de edad, está casado y tiene tres pequeños hijos que con gran entusiasmo asisten a la escuela.

Tiene ocho años de trabajar en el hospital de la Ciudad, lo que le ha permitido ir mejorando su nivel de ingresos y acceder a financiamiento de parte de Pana Pana. Actualmente, solicita un préstamo para la mejora de su vivienda, el cual será invertido en la división de los cuartos de sus hijos, con el propósito de crearles sus propios espacios, privacidad y evitar el hacinamiento.

Anteriormente, ha recibido financiamiento de parte de Pana Pana, lo que le ha permitido ir reparando poco a poco su vivienda, antes era de madera ahora es de concreto, la ha repeñado y pintado, mejorando la calidad de vida de su familia al vivir en un lugar seguro.

Su sueño es seguir apoyando a su familia, especialmente a su esposa quien se encuentra enferma y requiere trasladarla a Managua para que la operen y sacar adelante a sus hijos.

Additional Information

About Pana Pana

Pana Pana is a nonprofit civil association founded in 1990 in Nicaragua. The organization’s official name is Asociacion para el Desarrollo de la Costa Atlantica (Association for the Development of the Atlantic Coast) but they have always been know as Pana Pana which means “mutual help” in the local language.

Pana Pana offers loans for commerce, housing, and a small number of agriculture loans. They also have a small social development unit that runs Pana Pana’s non-financial services. This includes technical assistance for housing loans and the development of a water and sanitation project.

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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Albaro Maikel to build bedrooms for his children and avoid overcrowding.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Oct 7, 2013
Currency Exchange Loss:
May 17, 2014