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Nelson Enrrique
Nelson lives in the municipality of Ticuantepe together with his wife and children. His plan for the future is to improve their quality of life and to finish building their humble home. For several years Nelson has been selling chicken and sausages. The greatest challenge which he faces is that he does not have sufficient capital funds to hold an inventory in order to satisfy his clients. He is thankful for the support provided by Afodenic (Kiva Field Partner) funded through Kiva. With the help of this loan he will be able to invest more and as a result his earnings will be better. With an increase in sales he will earn more revenue and he will be able to repay on time.
View original language description ↓
El señor Nelson, es habitante del municipio de Ticuantepe, junto a su esposa e hijos, los planes hacia un futuro es poder mejorar las condiciones de vida y terminar de construir su humilde vivienda, don Nelson desde hace varios años se dedica a la comercialización de pollo y embutidos, la mayor afectación que se le presenta es que no cuenta con un capital suficiente para poder tener un inventario y así abastecer a todos sus clientes. Agradece el apoyo que le brinda Afodenic atrávez de fondo Kiva; ya que con este financiamiento podrá invertir más, al igual que su ingresos van hacer un poco más agradable porque entre mas ventas más ingresos podrá optar y a si poder pagar en tiempo y forma.

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
  • $24,071,325
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Nelson Enrrique to purchase chicken and sausages for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2011
Listed
Jul 4, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012