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Manuel Antonio
Manuel is a 34-year-old father of two children. He and his wife run a small local store which they were able to open with the economic support of his father several years ago. Their home is small, part concrete and part wood. When they opened the store there, they did not have much space left for privacy; so they want to build a small area next to their home for the store, in order to offer better service to their customers. They will live more comfortably with this improvement. Among other problems, it has been difficult for them since their horse was stolen, as it was a mode of transportation to buy and sell merchandise.
With this loan they will buy construction materials such as stone, sand, cement, iron and wood to build their store. With previous loans they have made long-term improvements to their house, which have improved the infrastructure of their home.
View original language description ↓
Don Manuel es un padre de familia de dos hijos, de 34 años de edad, junto a su esposa administran una pequeña pulpería que desde hace varios años logro poner, con apoyo económico de su papa. Su casa es pequeña parte de concreto y madera, al poner la pulpería le quedo poco espacio para su privacidad, lo cual desea construir al lado un pequeño local para poner sola la pulpería y dar un mejor servicio a sus clientes. Y lograr estar cómodo con esta mejora. Entre las dificultades se le ha hecho difícil desde que se le robaron su caballo el cual era el medio de transporte para vender y hacer las compras.
Comprara materiales de construcción como: piedra, arena, cemento, hierro y madera para hacer el local.
Con los financiamientos ha logrado las mejoras a largo plazo, lo que ha venido a mejorar la infraestructura de su casa.


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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Manuel Antonio construction materials for a store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2010
Listed
Jun 4, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011