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Luis Humberto
Luis is 23 years old and very enterprising. Over the years he has learned the business of all types of shoe repair from his father in the capital’s marketplace. He lives with his parents, and helps them meet their daily needs. He decided to begin working on his own and with the help of his father and financing through Afodenic, he was able to buy the machine and supplies he needed to do the work. His long-range goal is to be able to pay for a spot where he can have greater job security and provide better service to his clients, as he works in a crowded marketplace, “Mercado Oriental.” Each day he locates himself near an entrance, where clothing is sold. There are good and bad days, but he never stops working. He has gotten many customers and with this loan he would like to buy supplies, such as leather, nylon cord, soles for men’s and woman’s shoes, heels, shoe polish, tacks, sewing needles, and other things. He wants to be able to give better service to his customers.
View original language description ↓
El joven Luís de 23 años de edad, es muy emprendedor pues durante todos estos años aprendió con su papa el negocio de reparación de todo estilo de zapatos en un mercado de la capital, el aun vive con sus padres, el cual ayuda para poder sastifacer las necesidades diarias de su familia. Por iniciativa propia decide trabajar solo en donde con ayudad de su padre y el financiamiento que otorgo Afodenic logro comprar las maquina para hacer los trabajos y comprar los materiales necesarios para este trabajo Su objetivo a largo plazo es poder comprar un tramo en donde pueda tener mejor seguridad con su trabajo como prestar un mejor servicios a los clientes ya que durantes estos años labora en un mercado muy concurridos por los Nicaragüenses Mercado Oriental. En donde se ubica a diario en una entrada, en donde venden ropa, hay días buenos y días malos pero no se deja de trabajar. Ha captado mucha clientela y con este financiamiento desea comprar materiales como: cuero, hilo de nailon, zuelas para zapatos de hombre y mujer, tapita de tacones, pastas para lustrar, anelina, clavos, agujas para coser entre otros y poder dar a sus clientes un buen servicios.

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
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,089,275
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Luis Humberto invest in shoe repair supplies.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2010
Listed
Feb 12, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011