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Manuel Leoncio
Don Manuel Leoncio P. has been working as a driver for a private company for many years. With the help of his wife, he established a small diner in his home. This business has helped them financially and has allowed them to pay several basic expenses that normally they would not be able to cover on his salary alone. Due to low sales and a lack of funds, Don Manuel closed his business temporarily. He wants to reopen the diner, but he is not able to do so because he cannot cover his household expenses.


For this reason, he has requested a loan to purchase linens and new utensils to help him provide better service. He will also buy basic grains, rice, sugar, beans, meat, chicken, vegetables, and fruits for preparing the various dishes that his diner previously offered. Don Manuel hopes to recapture his customers and recover quickly. He is 51 years old and always plans to support his children, even though all five of them are already married. Likewise, he plans to make improvements to his home, such as painting the walls to provide his family with a different atmosphere. He thanks AFODENIC for making it possible to invest in his small business.

View original language description ↓
Don Manuel Leoncio P. conductor de una empresa privada, desde hace varios años. Con ayuda de su esposa lograron poner una pequeña comideria en su casa para poder ayudarse económicamente ya que hay que pagar varios gastos básicos y que no le ajusta con su salario. Su negocio, por las ventas bajas de la comideria la serró un tiempo ya que se quedaron sin fondos. Pero el desea volver a poner la comideria por que ya no puede cubrir los gastos del hogar es por eso con Este financiamiento lo invertirá en compras de manteles, utensilios nuevos para dar un mejor servicio a si como la compra de granos básicos, arroz, azúcar, frijoles, carnes, pollo, verduras y frutas para volver a preparar los alimentos variado del comedor y poder captar los clientes el cual espera recuperarse lo mas pronto. Don Manuel tiene 51 años de edad, sus planes es siempre apoyar a sus hijos aunque los cinco estén ya casados, a si como hacer mejoras a su casa, como refinar paredes para pintarla y darle otro ambiente familiar. Da las gracias Afodenic por hacer posible poder invertir en su pequeño negocio.

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
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Manuel Leoncio purchase utensils, linens, and ingredients.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2009
Listed
Dec 3, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010