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Juan Pedro
Juan Pedro is single, and he has two children who go to school.

He has worked as a taxi drive for nine years. Now he drives his own taxi. With support from his life partner he has been able to get his own vehicle and taxi concession. Also, he and his life partner sell domestic appliances for cash and for credit to their regular customers.

He is asking for his third loan to buy merchandise and stock the various devices that their customers have ordered. They do not have sufficient money to buy everything. He says that the AFODENIC’s loan policies are very good, and that is why he likes to work with this financing institution.
View original language description ↓
Juan Pedro es soltero, tiene 2 hijos los cuales estudian, labora como conductor de taxi desde hace 9 años, pero ahora conduce su propio taxi, pues con el apoyo de su compañera de vida han logrado obtener su propio vehiculo y consesion del taxi, adicionalmente se dedica junto a su compañera de vida a la venta de electrodomesticos de contado y al credito con clientes seleccionados, por lo que esta solicitando refinanciamiento de su 3er credito para comprar mercaderia y abastecer del producto a varios clientes que les hicieron pedido de los artefactos, ya que en este momento no cuentan con el suficiente capital para comparlo todo, expresa que las politicas de credito de AFODENIC son muy buenas y por eso le gusta trabajar con esta financiera.

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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,760,950
    Funds lent in using Kiva
  • 20.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Juan Pedro buy merchandise for his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2009
Listed
Sep 30, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010