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Adolfo
Don Adolfo is married and the head of a family of four children. He used to own a vehicle with which he hauled goods, a vehicle that he bought with savings. That business didn't pay, though, so he decided to sell the vehicle and buy a car so that he could start a taxi business. He's worked at the business for some years and his wife helps because she operates a business making and selling nacatamales (a local dish), food that she prepares with help from their children (who are still in school). Working as a taxi driver is often tough but Don Adolfo works at it day in and day out to earn the money he needs. He will use this loan for car maintenance, a requirement of the utmost importance because he needs the vehicle to operate his business. He will repair the taxi's electrical system so that he can continue to provide a good service.
View original language description ↓

Don Adolfo es padre de familia de cuatro hijos, casado, desde hace varios años, se dedicaba al acarreo pues tenia un vehiculo propio, que había comprado con ahorros,
Debido a la falta de ganancias decide cambiar de negocio vende el vehiculo y compra un carro para trabajarlo como taxi, lo que lleva varios años en este negocio con ayuda de su esposa ya que también vende nacatamales que ella misma prepara para ayudar a sus hijos ya que los cuatro están estudiando, y a veces la carreras de taxi están malas pero día a día se trabaja y se gana.
Con los financiamiento logra dar mantenimiento a su vehiculo lo que es para el de gran importancia ya que es su medio de trabajo. Con este préstamo reparara el sistema eléctrico del taxi y poder dar un buen servicio

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
  • 146
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Adolfo car maintenance for taxi business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2010
Listed
Jul 4, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011