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Luis Manuel
Luis works in transportation and has had his own business for more than 5 years. Before he worked as a naval engineer. With his settlement and a loan from Afodenic he has been able to increase the number of basic products that he buys, and improve his sales in the departments. He also has fixed income from a cargo truck.

He has two small children who he hopes he will be able to provide an education for a better future.

With this new request he will buy 50 hundred-weights of corn, which he will sell on the Atlantic coast, getting better sales and better prices for his products.
View original language description ↓
Luis de oficio transportista, con más de cinco años, teniendo su negocio propio. Anteriormente laboraba de ingeniero naval.
Con su liquidación y financiamiento en Afodenic, ha logrado aumentar en productos básicos comprando más, y logrando mejores ventas. En los departamentos. También tiene un ingreso fijo al trabajar un camión para carga en una empresa.
Tiene dos hijos pequeños aun el cual espera poder dar educación para un porvenir mejor.
Con esta nueva solicitud comprara cincuenta quintales de maíz, el cual venderá en la costa atlántica, teniendo mejores ventas y mejor precio 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

  • $4,800
    Average annual income
  • 99
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Luis Manuel to buy 50 hundred-weights of corn to get better sales in the northern part of the country.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
May 17, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 19, 2012