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Rigoberto Antonio
Rigoberto is 35 years old, the father of a son and lives in the neighborhood José Dolores Estradas.
He works at a shop where he has his own business, a local store and a small dining area, started with his own money. In years past he traveled to the United States of America where he worked a lot and saved money. He is a cabinetmaker by profession but where he was working the business got complicated. He made the decision to return.
He already has been working in this business several years, but he wants to increase his inventory and food sales in his store, however he doesn't make enough money for this growth. It is because of this that he made the financing with Afodenic, accomplishing his goal which he hopes will improve his sale goals with this investment. He is happy for the economic help through the flexible periods of the institution.
View original language description ↓
Rigoberto tiene la edad de 35 años, padre de un hijo, reside en un barrio José Dolores Estradas.
Se dedica al comercio el cual tiene su propio negocio, una pulpería y un pequeño comedor, iniciando con dinero propio, ya que en años anteriores viajo a los Estados Unidos de América, en donde trabajo mucho y trajo dinero ahorrado. Ya que su profesión es ebanista y donde trabajaba el negocio se complico. Y toma la decisión de irse.
Lleva varios años ya en el negocio pero desea aumentar su inventario en venta de comida como en su pulpería el cual no cuenta con el dinero suficiente para este aumento, es por eso hace el financiamiento en Afodenic logrando a si su objetivo el cual espera mejorar meta de venta, con esta inversión. El cual está contento por el apoyo económico atreves de los plazos flexibles de la institución.

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
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 21.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Rigoberto Antonio this investment that you are making is to increase food sales by increasing inventory of the local store allowing for better sales and income.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2010
Listed
Oct 8, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011