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Jose Vicente
José Vicente has been a tailor for the last 20 years. He also has a mini-bookstore which helps him break even because often work as a tailor falls off and some months he has little tailoring work to do. He began work as a tailor after taking a course. He hung a small sign in a window in his house offering quick tailoring and began to gather customers. He started selling books the same way and has been growing more. This financing will be used to buy books, mechanical pencils, bags, colored pencils at wholesale to stock his bookstore now and not have to buy product in January when prices go up and his profits are, therefore, lower. His plan is to be able to make improvements to his house like: replaster walls, tile the floor (it's currently dirt) for a better appearance and hygiene. He is happy with this investment that will make possible his business' growth.
View original language description ↓
El señor José Vicente es sastre desde hace veinte años, también tiene una mini librería para poder estar en equilibrio ya que muchas veces el trabajo se le escasea por que hay meses que no tiene mucha costura. El inicio con este trabajo después que tomo un curso y puso un rotulo en su casa en donde ofrecía rápida costura y así fue captando clientela. A si mismo comenzó vendiendo libros y ha agrandado mas. Con este financiamiento desea comprar libros, lapiceros, bolsos, lápiz de colores en cantidad para tener surtido su librería y no comprar más caro los productos en el mes de Enero que se elevan los precios y le saca pocas ganancias. Sus planes es poder hacer mejoras a su casa como: repellar paredes, embaldosar el piso por que es suelo, para tener una mejor presentación, a si como una mejor higiene al poner el piso. Contento por esta inversión que hará posible el incremento de su negocio.

Additional Information


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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Jose Vicente to buy stock inventory.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Nov 21, 2009
Nov 27, 2009
Currency Exchange Loss:
Sep 15, 2010