Affordable housing - first house paid off

It was with great pleasure that Mercedes Gutiérrez paid the last installment on her house, which forms part of an innovative housing program of EcoTec S.A. in Nicaragua. Through a process of quick recovery of the capital, the system allows construction of more housing, using ecologically viable materials, attractive designs at an affordable price. Mercedes, who is an engineer with the Municipality of Diriamba, moved with her husband and two children to the new house in December of 2000. In less than four years she was able to pay off her mortgage, the first installment in January 2001 and the last in October 2004. Her house is now paid and fully hers!

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You are here: Home Past editions Edition # 8, November 2004 Affordable housing - first house paid off

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Peter Arndt
German
Social worker and Mechanical technician
German, English, Spanish
Project administration and management, social organization, mechanical innovation

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