Check out some available loans that are similar to this one!
Mario Jose
Mario has been a merchant for several years, achieving greater sales through financing offered by Afodenic. He began just selling CDs and tapes, using his own capital. Now he buys newer products in larger quantity and variety, including leather belts for men and women, wallets, and caps. Mario sells mostly in the country's northern departments and in the capital, in the streets.

Mario is the father of 3 children, all attending school, and he hopes to provide a better future for them. His future plans include having his own market stall where he can sell his merchandise.

Thanks to these loans, he has been able to improve his house, bringing great satisfaction to his family.

With this new loan, Mario will buy dozens of caps, wallets, belts, and CDs. This will enable him to maintain his sales in equilibrium.
View original language description ↓
Don Mario es comerciante, desde hace varios años, logrando crecer en sus ventas con financiamiento que Afodenic ha otorgado, comenzando solo con la venta de cd, peliculas, con capital propio, ahora ha comprado en mas cantidad, y variedad de productos nuevos como: fajas de cuero de varon y dama, carteras, goras, vendiendo en los departamentos del norte, asi como en la capital de forma ambulante.
Es padre de tres hijos, todos estudiantes, el cual espera darle un futuro mejor. Ya que como planes espera tener su local propio en donde vender su mercaderia.
Gracias a estos financimiento tambien ha logrado, la mejora a su vivienda, siendo de gran sastifaccion para su familia.
Con este nuevo prestamo invertira en la compra de docenas de goras, villeteras, fajas, cd. Logrando mantener sus ventas en equilibrio.

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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Mario Jose to buy CDs, caps, belts, wallets and other products to augment his sales.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2011
Listed
Sep 21, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 16, 2012