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Señor Ancelmo M. lives in the town of Talolinga. For twelve years, he has worked as an electronics technician. His family is made up of four children and his wife. Three of his children study in secondary school and one is in elementary school. His wife sells Avon cosmetics and supports him with their home's expenses. His biggest need is in the economic area because he doesn't have the resources he needs to buy materials to offer a good service and to satisfy his customers' demand. He hopes that Afodenic will support him with this financing so he can improve the conditions of his workshop so that his business will be more profitable and he can improve his family's living conditions.
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El señor Ancelmo M., habitante de colonia Talolinga desde hace 12 años labora como tecnico Electronico, su familia esta conformada por 4 hijos y su esposa, 3 de sus hijos estudian la educacion secundaria y uno la educacion primaria, su esposa trabaja en la empresa AVON vendiendo productos cosmeticos y le apolla con los gastos del hogar,la mayor necesidad que se le presenta es el sector economico, por que no cuenta con los recursos necesarios para poder comprar los materiales utiles para brindar un buen servicio y poder sastifacer la demanda de los clientes. El espera que AFODENIC, le apolle con este financiamiento para mejorar las condiciones en su taller de manera que su negocio sea mas rentable y mejorar las condiciones de vida a nivel familiar.

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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $25,032,475
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Ancelmo to purchase materials for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 28, 2010
Jan 25, 2010
Currency Exchange Loss:
Feb 15, 2011