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Adolfo
Adolfo provides a taxi service. Thanks to his efforts to improve and change, he gets ahead in life. Adolfo has been working for ten years. His wife is a saleswoman and she helps him cover their family expenses. They have four children who are all in school.

Adolfo has been working with loans for ten loan cycles. It has been very helpful and allowed him to have maintenance work done on his taxi since, because he drives the vehicle every day, he tends to have a lot of expenses. On some occasions, he has had his taxi repaired and on other occasions he has used his loan to change his engine.

Adolfo will use this new loan to buy a gearbox, front and rear suspension systems and also lubricant which will help his car run better and make it easier to do his work.
View original language description ↓
El señor Adolfo hoy en día, trabaja en servicio de taxi, pues gracias al esfuerzo por obtener mejores cambios, sigue adelante.
Tiene diez años de estar laborando. Su esposa es comerciante y ayuda con los gastos de la familia, ya que son cuatro hijos los que cursan el año escolar.
Adolfo ha vendido trabajando con financiamiento a plazos, en diez ciclos, siendo de gran alternativa para dar mantenimiento a su taxi, ya que por circular cada día, tiende a tener más gastos. Teniendo unas veces para repararlo y otras ha sido con los préstamo que ha hecho el cambio de su motor.
Con este nuevo préstamo será para la compra de caja de velocidad, sistema de suspensión delantero y trasero, a si como lubricante que ayude a dar un mejor funcionamiento para ejercer su trabajo.

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
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $23,166,475
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Adolfo to change his gearbox and buy lubricants which will improve the condition of his car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2011
Listed
Jun 16, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012