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Octavio
Octavio is a married, hard-working merchant. He and his family have been able to expand his business. His project now is to improve his home. He started off with his own funds and the need to generate a better income. He has experienced difficulties with the rise of prices for pork. In the short-term, he plans to expand his sales and introduce new products. The requested loan is for the purchase of basic materials such as a whole hog. He will be able to offer his customers better quantity and quality. He thanks the lenders for their support in developing his business and improving his living conditions.
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Octavio casado, hombre trabajador, comerciante, juntos a su familia ha logrado ampliar su negocio. Su proyecto es mejorar la infraestructura de su vivienda. Inicio con fondos propios y a la necesidad de generar mayores ingresos. Se le ha presentado dificultades con el alza en los precios del cerdo. Planes a corto plazo ampliar la comercialización de sus productos e ingresar nueva variedad de producto. El préstamo que solicitad será para la compra de materia prima como es el cerdo entero ofreciéndole a su clientela mayor cantidad y calidad de producto. Agradece a la financiera por el apoyo al desarrollo de su negocio y nivel de vida.

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
  • 69
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Octavio to purchase hogs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2011
Listed
Sep 23, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 16, 2012