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Pedro Gilberto
Don Pedro is a 61 year old widower who lives in the neighborhood of San Jose, which lies along a mountain pass north of New Guinea and 57 km from Casco Urbano.


He is requesting his first loan from AFODENIC so that he can invest in the little grocery store he established inside of his home. Don Pedro started this business with his own money and a small quantity of products. He has a 25 year old son who helps him manage the business. Don Pedro’s goal is to increase his inventory so that he can earn enough money to support himself and his son. He is known for being a hardworking gentleman who is responsible in all of his commitments. His greatest dream is to grow his business so that he can meet the needs of his customers and generate more revenue.

View original language description ↓
Don Pedro de 61 años de edad es viudo, habita en la colonia San Jose, puerto de montaña de la zona norte de Nueva Guinea a 57 Km del Casco Urbano, esta solicitando su primer credito a AFODENIC para invertirlo en su pequeño negocio de pulperia que tiene en su casa de habitacion, el cual comenzo con diñero propio con pequeñas cantidades de productos,tiene un hijo de 25 años el cual le ayuda en el manejo del negocio. El objetivo de don Pedro es poder aumentar el inventario de su pulperia, con la cual obtiene ingresos que le permiten el sustento tanto suyo como el de su hijo. El se caracteriza por ser un hombre muy trabajador y responsable en sus compromisos, el mayor sueño de don Pedro es lograr que su negocio vaya creciendo y poder suplir las necesidades de sus clientes, lo cual le permitira mayores ingresos.

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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Pedro Gilberto purchase more inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2009
Listed
Dec 11, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010