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Jose Bacilo
José, a humble and hardworking man, is married and working with his wife at a local store, selling many products. This has been his source of income for a while, and his plans are to expand his business and improve the infrastructure of his house.

To complete these plans he must invest in the business, which he will do with the help of the loan. He is asking for the loan so he can put it towards the purchase of items like packages of rope, packages of shoes, 100 pound bags of rice, 100 pound bags of sugar, 100 pound bags of beans, candies, soft drinks, dairy products, and others.

He is grateful towards the financial institution for the help to begin his plans and projects, and in that way also improve his standard of living.
View original language description ↓
José, hombre humilde, trabajador, casado junto con su esposa trabajada en su pulpería vendiendo productos variados desde hace un tiempo siendo su fuente de ingreso, sus planes ampliar su negocio, mejora la infraestructura de su vivienda.
Para cumplir sus planes requiere invertir en el negocio por lo cual lograran mediante el financiamiento que crédito. Esta solicitando el préstamo para invertirlo en la compra de productos como: paca de ropas, paca de zapatos, quintales de arroz, quintales de azúcar, quintales de frijoles, golosinas, bebidas gaseosa, lácteos, entre otros productos.
Agradece a la financiera por el apoyo al inicio de cumplir sus planes y proyectos así también a cambiar su 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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Jose Bacilo for the purchase of merchandise in general.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2011
Listed
Jan 14, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2013