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Luis Manuel
Luís Manuel is 55 and an active worker, having built his home and supported his family with care. At a young age he became a naval engineer, thanks to his father who supported his studies. For some years he made a good living in that field but left in order to spend more time with his family on land. His severance pay allowed him to buy a truck, which he uses to make a living in transportation.
With this loan, Luís Manuel wants to buy and sell plantains on the wholesale market to increase his income. In the future he wishes to buy another truck to better serve local demand for transport, and assure a comfortable living for old age when he can no longer work full time.
View original language description ↓
Don Luís Manuel tiene 55 años de edad, es muy activo en su trabajo, ha logrado hacer su casa, apoyar a sus hijos, todo esto lo logro ya que es ingeniero naval desde joven gracias a sus padre quien lo apoyaron para que estudiara, anduvo muchos años trabajando y la paga era buena, pero es un trabajo en donde no permite estar con su familia por que se embarcan por meses Es por eso decide renunciar y con su liquidación comprar un camión que lo trabaja como transporte de viaje.
Lo que desea con este financiamiento es comprar plátanos y vender al mayor y así lograr abrirse más en el mercado con el objetivo de generar mejores utilidades rentables. A futuro desea comprar otro camión que pueda cubrir la demanda de viaje transporte y con las ganancias poder ahorrar para su vejes ya que abecés se siente cansado.

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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Luis Manuel buy and sell plantains for wholesale market.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2010
Listed
May 6, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011