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Marvin Jose

Update on Marvin Jose

Marvin continues to invest in his small grocery store. At the moment he has very little merchandise. With his last loan he was able to invest in the construction of a room, which afforded his family more comfort.

With this new loan he will be able to buy products for his small grocery store since he has little inventory and he needs to keep his clientele. He will buy the following products: staple grains, dairy products, soft drinks, candy, and cereal, as well as other things such as Zepol, Panadol, acetaminophen, and Dolofin. These are what his customers buy most.
View original language description ↓
Don Marvin, sigue invirtiendo en su pulperia, hoy en dia, tiene poca mercaderia, lo que con su financiamiento anterior logro invirtir en la construccion de un cuarto. Lo que logro, mejor comodidad para su familia.

Con este nuevo financiamiento podra comprar productos para la pulperia, ya que tiene poco inventario, y que necesita seguir manteniendo su clientela. Productos a comprar: granos basico, productos lacteos, gaseosa, golosinas, cereales entre otros como, zepol, panadol, acetaminofen, dolofin. Siendo lo mas consumido por su clientela y que son de venta libre para el cliente.

Previous Loan Details

Marvin, 45, is a hardworking man who has been a merchant for a number of years. He has a grocery store where he sells a variety of products. Starting out with little, he has managed to grow thanks to his efforts and the support of AFODENIC. He has participated in 11 loan cycles where he has… More from Marvin Jose's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $3,636
    Average annual income
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Marvin Jose to invest in products for his small grocery store since he has little inventory and he needs to maintain his sales.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2011
Listed
Oct 10, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012