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Gustavo Antonio
Gustavo Antonio and his wife have sold prepared meals for the past 10 years. Together they offer their customers good service. They have two children: a married daughter and a son, who is still a student and helps them in their eatery during his free time. He started his business with his severance pay from his previous employment at a casino. His experience allowed him to open a small eatery. Lack of funds has prevented him from expanding his business; what he would like most is to have a restaurant where he can offer all variety of dishes and attract a lot of diners. Thanks to financing from Afodenic he has been able to increase the variety of dishes offered and his sales increase daily. But, he doesn't have enough funds to enlarge his establishment as he has his menu offerings. Thus, the need for financing. He will buy rice, beans, oil, sugar, lard, canned goods, sauces, meats, chicken, dairy products, fruits and vegetables to continue to prepare his delicious meals and obtain profits to cover his household's basic expenses as well as his family's basic needs. By the grace of God and the financial institution's assistance his business has grown and many Nicaraguan families have benefitted by these long-term loans.
View original language description ↓
Don Gustavo Antonio se dedica ala venta de comida que junto con su esposa lo administran desde hace diez años pues junto dan un buen servicio a su clientela, tienen dos hijos, una casada y uno que estudia y ayuda en el comedor en tiempos libres, cuando inicio lo hizo con liquidación de su trabajo anterior pues gracias ala experiencia pudo poner el pequeño comedor trabajaba en un casino. Por falta de dinero no ha ampliado el negocio, lo que mas quisiera es poder tener un restaurante en donde pueda ofertar todas las variedades de comida y poder atraer mucha gente. Gracias a los financiamiento que Afodenic hadado a podido aumentar la cantidad de platillos variados ya que cada día aumenta sus ventas, pero no tiene el sufriente dinero para ampliar mas el local como los alimentos es por eso con este préstamo invertirá en la compra de arroz, frijoles, aceite, azúcar, manteca, productos enlatados, salsas, carnes, pollo, lácteos, verduras y frutas para seguir preparando los ricos almuerzos y poder obtener las ganancias para sus gastos básicos del hogar y cubrir las necesidades personales de su familia. por gracias a Dios y a la financiera hace posible el incremento de su negocio que a muchas familias Nicaragüense nos han venido apoyar con el préstamo a largo plazo.

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
  • 153
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Gustavo Antonio to buy ingredients for his meal preparations.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2009
Listed
Dec 6, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 16, 2010