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Update on Bruno

Bruno is a merchant who is married. His plans include improving the infrastructure of his home and expanding his business so that he can sell in larger quantities. With his previous loan, he invested in products that his customers requested and needed. At home, his family is in a better financial state. He and his wife manage their store together.

With this loan request, Bruno will invest in the purchase of merchandise such as olives, basic goods (rice, beans, sugar, and oil), beverages (sodas, juices, and energy drinks), canned goods (corn, dragon fruit, sausages, tuna, and pressed ham), meats, vegetables, fruit, dairy products, and other items. By offering his customers more variety, Bruno will generate income that will greatly benefit his family.

View original language description ↓
Bruno comerciante, casado, sus planes mejorar la infraestructura de su vivienda, ampliar el negocio vender en mayores cantidades, con el préstamo anterior invirtió en productos que sus clientela requerían y solicitaba. En ámbito familia genero mayores comodidades económicas. Junto a su esposa administran la pulpería. Con este préstamo que solicitad será invertirlo en la compra de mercadería como: aceitunas, granos básicos (arroz, frijoles, azúcar, aceite), bebidas (gaseosas, jugos, energéticas), enlatados (maíz, pitihuá, salchichas, atún, jamón prensado), carnes, verduras, fruta, lácteos entre otros productos. Ofreciéndoles a sus clientes mayores variedades también obteniendo ganancias que serán de gran beneficio para la familia.

Previous Loan Details

Don Bruno is a hard working man and the father of five children. He is 38 years old and worked as a farmer since a very young age in the town of Teustepe, on his own land that he inherited from his parents. Because of the drought, his harvesting wasn't going well and he had to sell part of his la... More from Bruno's previous loan »

Additional Information


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

  • $4,800
    Average annual income
  • 135
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Bruno to buy more merchandise for his store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Nov 11, 2011
Nov 14, 2011
Currency Exchange Loss:
Nov 15, 2012