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Pedro Antonio
Pedro continues with his auto mechanic shop wanting to make new projects for this year for better administration and to obtain better benefits for his family.

His wife helps him out with a grocery store which covers basic household expenses and supporting their three minor children with their schooling.

With this new loan request, Pedro will build a small office and storeroom in his shop thus obtaining better space for the vehicles to be able to organize himself better. He will buy building materials and supplies to start the project.
View original language description ↓
Don pedro sigue con su trabajo en su taller de mecanica, queriendo hacer nuevas proyecciones en este año, para una mejor administracion, y asi obtener mejores bebeficios junto a su familia,
Su esposa lo apoya con una pulperia, en donde cubre los gastos basicos del hogar, siempre dando el apoyo a sus tres hijos menores con el estudio. Don Pedro hoy con esta nueva solicitud hara una pequeña oficina y bodega, en su taller logrando mejor espacio para los vehiculo como poder ordenarse mejor. Comprara materiales de construccion para comenzar la obra.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 148
    View loans »
    Nicaragua Loans Fundraising
  • $24,068,900
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Pedro Antonio to buy building materials and supplies to build an office and a storeroom.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2011
Listed
Jan 12, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 18, 2013