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Marvin Jose
Sr. Marvin José is 44 years old and lives in the Hialeah neighborhood in the capital of Managua. He has been operating a small grocery store for 12 years. He started selling only candy and sodas, and with the loans from AFODENIC, was able to increase his sales.


With this loan, Sr. Marvin hopes to purchase basic grains, dairy products, fruits and vegetables to offer his customers a variety of products and generate more revenue. He thanks the institution for the growth of his success.

View original language description ↓
El señor Marvin José tiene la edad de 44 años, reside en el barrio Hialeah en la capital de Managua, su negocio es una pequeña pulpería y tiene doce años de administrarla, inicio solo vendiendo golosinas y gaseosa pero con los prestamos que Afodenic a otorgado ha podido ir incrementado sus ventas. Con este préstamo espera comprar granos básicos, lácteos, frutas y verduras para ofrecer a sus cliente una variedad de productos y poder obtener mejores ganancias para lograr solides en su. Negocio. Da las gracias a la institución por el crecimiento que ha logrado.

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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 20.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Marvin Jose purchase basic grains, dairy products, fruits and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010