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Reynaldo
Reynaldo P. S. lives in the neighborhood of Laureles Sur, is 38 years old, and married. His wife stays at home with their 8 dependent children. They are a humble family dedicated to the sale of scrap material in the north of the country. They rely on a truck and a horse cart as the means of transportation for the recycled material.


In the family's plans are to have the necessary resources to offer their children the education and living space necessary to live in comfort, secure their future, and allow them to be good people.


They plan to inject more capital into their business to purchase a larger inventory of raw material. They appreciate the support because their efforts to do so have been hindered by the increase of prices they have seen in the last few months which have greatly affected their ability to pay out of pocket.

View original language description ↓
El señor Reynaldo P. S., vive en el Barrio Laureles Sur, tiene 38 años de edad, es casado y su esposa es ama de casa, ellos tienen 8 hijos de los cuales todos dependen de él. Ellos son una familia humilde que se dedica a la venta de chatarra en el norte del país, para esto, ellos cuentan con una camioneta y un carretón de caballo que son los medios de transporte que les facilitan la movilización del material reciclable.

Dentro de los planes familiares están el tener los recursos necesarios para brindarles a sus hijos la educación y espacio óptimo para habitar en comodidad y seguridad a futuro, para que estos sean personas de bien.


Ellos tienen planes de inyectarle un mayor capital al negocio, en la compra de un inventario más amplio de materia prima, agradecería se le apoyara debido a que también se le ha dificultado por la subida de precio que se ha venido registrando en los últimos meses debido a que ha afectado su bolsillo de manera considerable.

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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,050,675
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Reynaldo buying and transporting recycled material.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2010
Listed
Feb 9, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2011