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Luis Enrique
Señor Luís Enrique is 52 years old. He resides in the neighborhood Rubén Darío in the capital of Managua. He is single with two children that are of legal age. His business is the sale of cosmetics wholesale, which he has been doing for fifteen years. He started with a loan to buy wholesale. With this credit he hopes to buy various merchandise to sell wholesale and to be able to obtain better profits. He plans to expand his business. His goal is to be able to buy a plot of land to leave for his children to inherit and to be able to maintain the household. He gives thanks to the institution for the achievements he has reached, since thanks to the loans he has been able to grow his sales.
View original language description ↓
El señor Luís Enrique tiene la edad de 52 años, reside en el barrio Rubén Darío en la capital de Managua, soltero y con dos hijos que le tienen mayores de edad, su negocio es la venta de cosmético al por mayor tiene quince años de vender, el cual inicio con prestamos para comprar al mayor. Con este crédito espera comprar mercadería variada, para vender al mayor y poder obtener mejores ganancias. Sus planes es ampliar su negocio. Su meta es poder comprar un tramo para dejar heredado a sus hijos y poder mantener la unidad familiar. Da las gracias a la institución por los logros alcanzado ya que gracias a los prestamos ha podido crecer en sus ventas.

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

  • $3,636
    Average annual income
  • 112
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 20.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Luis Enrique to buy a variety of cosmetics for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2009
Listed
Aug 5, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010