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Jose Luis
Mr. Jose Luis is 53 years old. He and his wife have two children who are students. He lives in the Lauerles Sur neighborhood in Managua, the capitol.

With his wife her runs a grocery store that he started ten years ago with loans from AFODENIC. This is his 12th loan and he is grateful for the support that has allowed him to invest more in his business and to improve his home.

With this credit he will invest in the purchase of basic grains, oil, meat products, chicken, and milk products since these are the basic consumable products for his clients. His plans include being able to sell other products that would be satisfying to his clients in their daily life.

His objective is to support his three children so they can complete their studies.
View original language description ↓
El señor José Luís tiene la edad de 53 años, casado su esposa le tiene dos hijos que estudian, reside en el bario Laureles Sur en la capital de Managua, tiene una pulpería que administra junto a su esposa la cual tienen diez años en las venta el cual iniciaron con prestamos financieros en Afodenic, este es su doce avo crédito y da las gracias por el apoyo para invertir mas en su negocio, y las mejoras de su vivienda. Con este crédito invertirá en la compra de granos básicos. Aceite, productos de carne, pollo y lácteos, ya que son los productos básicos y consumibles para los clientes. Sus planes es poder vender otros productos que sean de sastifaccion para el cliente en la vida cotidiana. Su objetivo es apoyar a sus hijos a que terminen sus estudios.

Additional Information

About AFODENIC

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 Nicaragua

  • $4,800
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,547,700
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Jose Luis to buy basic grains, meat, chicken, and other products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2009
Listed
Jul 2, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010