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Romel  Isidro
Romel Isidro Gutiérrez, 47, has been selling cosmetics for six years. He started with money that Afodenic lent him to increase his business. Together, he and his wife have been able to maintain sales. Their future plans are to be able to finish building their house for the well being of their family and to give their children an education.

This is his fifth cycle. He will use it to buy various cosmetics to strengthen his inventory. With this he expects to be able to get the necessary earnings to cover his payments like meeting the family needs. He is happy for the support that the institution has given him.
View original language description ↓
Don Romel Isidro Gutiérrez tiene la edad de 47 años, se dedica a la venta de cosméticos desde hace seis años, el comenzó con dinero que Afodenic presto para aumentar su negocio, que junto con su esposa han logrado mantener las ventas, sus planes es poder terminar de construir su casa, para bienestar de su familia y poder dar una educación a sus hijos, este es su quinto ciclo el cual invertirá en la compra de cosméticos variados para fortalecer su inventario. Con esto espera obtener la ganancia necesaria para cubrir su cuota de pago como para sastifacer sus necesidades con su familia. Se siente contento por el apoyo que la institución ha dado.

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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 20.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Romel Isidro buy various cosmetics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010