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Juan Antonio
Juan is 41 years old. He is an entrepreneur with a well-stocked grocery store, thanks to his intense efforts and the help of loans from Afodenic, which have been granted to him over a period of ten loan cycles. He was able to continue investing in his business thanks to his loans.

When he began, he had very little capital, only what he had saved from selling fried food and his carpentry work, which was his profession years ago. His difficulties include power outages, since some of his products spoil quickly and this is a loss for him. He buys his products from wholesale suppliers so he can buy more cheaply and offer better prices to his customers.

With this investment, he will buy basic foods, including ten quintals [100-pound sacks] of rice, ten quintals of sugar, four quintals of beans, and soft drinks. He will also buy more chicken and dairy products in order to increase his sales and continue satisfying his customers with his products.
View original language description ↓
Don Juan tiene la edad de 41 años, comerciante de una miscelánea muy surtida que gracias a mucho esfuerzos y con créditos que Afodenic a otorgado durante un periodo de diez ciclos, por medios de sus préstamo logro la inversión.
Ya que cuando inicio lo hizo con poco capital, propio producto de sus venta de fritanga, y de carpintería que hace años era su oficio.
Las dificultades que tiene es cuando se va la luz, ya que hay productos que se friegan rápido y es una perdida para el.
Sus productos los compra a proveedores para lograr comprar más barato y poder dar a mejor precio a sus clientes.
Con esta inversión comprara granos básicos: diez quintales de arroz, diez quintales de azúcar, cuatro de frijoles, gaseosas, elevar la compra de pollo y lácteos para lograr aumentar las ventas. y poder seguir sastifaciendo al cliente con sus productos.

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
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Juan Antonio buying a variety of merchandise to expand his inventory and increase his sales.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2010
Listed
Aug 7, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011