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Francisco
Francisco is married and his wife is a merchant. His son is studying for a technical degree and his priority is his education. He has his own business and he and his wife work together to get ahead. He sells clothing and cosmetics and started his business with microcredit funds. He will use the loan to purchase merchandise: costume jewelry, capes, ladies’, gentlemen’s, and children’s clothing as well as perfume, skin cream, and underwear. His goal is to increase his business and obtain higher profits.
View original language description ↓
Francisco casado su esposa es comerciante, su hijo estudian carrera técnica que su hijo se prepare prioridad es. Tiene su propio negocio y junto con su esposa trabajan para salir adelante. Vende ropa, cosméticos. Iniciaron con fondo de microcréditos. Con el préstamo comprar mercadería: bisutería, capotes, ropa de dama, caballero y niños, también perfumes, cremas de piel, ropa interior para aumentar su negocio obteniendo mayores utilidades.

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
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Francisco to buy merchandise.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
May 23, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012