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Mario Francisco
Mario is married, and he is a hard-working and enterprising family man. He works day to day in order to achieve his plan to improve his living conditions.

He has his own business selling groceries and other things. He has encountered difficulty with the rise in prices. He started the business a while ago with support from his family.

He is grateful to the financial institution for the loan he was granted. He will use it to buy rice, beans, sugar, oil, bath soap, dish soap, detergent, bleach, toothpaste, matches, and other items. He is grateful to the financial institution because he will, through the loan, get the benefit of a greater variety of products.
View original language description ↓
Mario casado, hombre de familia, trabajador y emprendedor mejorar las condiciones de vida es un plan que día a día pone en práctica para llegar a cumplir completamente. Tiene su propio negocio venta de abarrotes y más. Se le ha presentado dificulta con el alza de precios. Inicio el negocio tiempo atrás con el apoyo de su familia.
Agradece a la financiera por el préstamo otorgado que se invertirá en la compra de: arroz, frijoles, azúcar, aceite, jabón de lavar y de trasto, detergente, cloro, pasta dental, fosforo y otros. Agradece a al financiera ya que con este préstamo obtendrá benefició de mayores variedad de producto.

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
  • 139
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 21.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mario Francisco to buy grocery products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012