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Juan Alberto
Mr. Juan H. has worked as a mechanic for 20 years. The greatest challenge he is faced with is that he does not have the resources to be able to purchase materials for the service that he offers, and this has caused his work to decline, which affects not only his business but also his family, because there is less money for food. On the other hand, he is also affected by the conditions in which he works, which are not safe enough. Currently, he is renting the workshop where he works, and his dream is to be able to buy it some day. He started up this small business thanks to the support that his father provided him. Previously, he had sold fruit and vegetables in the streets of his municipality. He has a family of four children and a wife who works and helps him with basic domestic expenses, such as water and electricity, among others. With this loan, he will purchase the necessary tools to be able to do his job well. He thanks this institution for making possible these improvements to his work.
View original language description ↓
El señor Juan Hernández, desde hace 20 años labora como mecánico, la mayor necesidad que se le presenta es el sector económicos ya que no tiene los recurso para poder comprar materiales del servicio que el ofrece y eso a logrado que se le disminuya su labores lo cual afecta a su negocio y a su propia familia por que no le ajusta para la alimentación ; por otra parte se ve afectado por las condiciones en las cuales labora que no son seguras para su vida por que no costa con los suficiente seguridad , actualmente alquila el taller donde trabaja y sus sueños es poder comprarlo algún día, él inicio este pequeño negocio gracias al apoyo que le brindo su papá , anteriormente se dedica a la venta de frutas y verduras en la calles del mismo municipio , tiene una familia de cuatro hijos y su esposa la cual trabaja y le apoya con los gastos básicos de la casa como agua , luz entre otros. Comprara herramientas, necesarias para poder hacer bien su trabajo. agradece a la institución por hacer posible estas mejora para su trabajo.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Juan Alberto to purchase tools to provide a better service.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2009
Listed
Nov 19, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010