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Marcos Antonio
Mr. Marcos Antonio F. P. is married and lives in the district of Medardo Andino. He has three children, the oldest of whom is 18 and works and helps support the household expenses. The two younger children are financially dependent upon the head of the family.

Marcos and his son devote themselves to carpentry and have their own workshop. One of the main problems that hold them back are the lack of materials and machinery to carry out the offers of work they are presented with.

Marcos started his workshop through his own effort and his long-term savings. He would like to buy a lathe, which would improve and speed up the work, and is the reason he asks for a loan, as well as for the purchase of a larger wood supply, which will increase his sales and improve his household finances.
View original language description ↓
El señor Marcos Antonio F. P., es casado y habita en el Barrio Medardo Andino, tiene 3 hijos y el mayor de 18 años, trabaja y apoya en los gastos del hogar, los dos menores dependen económicamente de la cabeza familiar.

Ellos se dedican a la carpintería y tienen su taller y uno de los principales problemas que los agobian, es la falta de materiales y maquinaria para realizar las ofertas de trabajo que se le presentan, él comenzó con el taller, gracias a su esfuerzo propio y su ahorro diario de años atrás, a futuro comprara un torno, que mejore y agilice las labores, es por esta razón que solicita un préstamo, para la compra de un mayor inventario de madera que pueda aumentarle las ventas y favorezca su economía doméstica.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Marcos Antonio purchase of raw material for his business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2010
Listed
May 3, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010