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Miguel Angel
Miguel is a man who is dedicated to business. He now works selling junk. He has been in this business, which there is a great demand for, for several years.

He started with little money. Thanks to loans from Afodenic, his sales levels rose when he offered more aluminum products. In a week’s time he walks through the neighborhoods buying metal. He has customers who come to his house to sell him metal. He has a small store at the edge of his land.

As a father’s objective, he wishes to give his four children an education. That is why he works a lot in order to give them the daily necessities.

He will use the new loan to buy iron, aluminum, and bronze because this is what sells the most.
View original language description ↓
Miguel es un hombre dedicado al comercio, hoy en día trabaja en venta y compra de chatarra, desde hace varios años esta en este negocio en donde hay mucha demanda.
Iniciando con poco dinero, y que gracias a los financiamiento en Afodenic sus niveles de venta aumentaron al ofrecer más productos de aluminio. En el transcurso de la semana le toca andar por los barrios comprando metal, a si como tiene clientes que le llegan a ofrecer metal en su casa de habitación en donde al final del terreno tiene su pequeña bodega.
Como objetivo de padre desea dar los estudios a sus cuatro hijos, por el cual trabaja mucho para lograr lo necesario cada día.
Con este nuevo préstamo invertirá en la compra de hierro, aluminio, bronce, que es lo que se vende más.

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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,384,075
    Funds lent in using Kiva
  • 21.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Miguel Angel to buy iron, aluminum, and bronze in order to sell more and have better results.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011