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Pedro Joaquin
Pedro is a 28-year-old young man. He is married and has a four-year-old son. His wife helps him with his business, where he sells food daily in the afternoons. In the morning he works as a freight carrier or hauling trash, for which he has a horse and cart. With the savings from this work he started selling food. His situation has improved with this business, since the sales profits allow him to provide sustenance for his family.
In the afternoons, he has a set spot at a roundabout in the capital, where he offers a variety of food: tacos, roast chicken, meat, sausage, fried green and ripe plantains, gallopinto (a rice and beans dish), soft drinks, and soda. He is requesting financing in order to be able to offer even more variety. He will purchase meat, chicken, greater quantities of sausage, 100 pounds of rice, sugar, beans, a large can of oil, fruits, and vegetables, so that he can continue offering his delicious dishes and gain more customers. Afodenic will make this investment possible.
View original language description ↓
Pedro es un joven de 28 años de edad, casado, padre de un hijo de 4 años, su esposa lo apoya en su negocio, el cual vende comida diario por las tardes y por la mañana trabaja de acarreo en cargas oh botando basura el cual tiene su caballo con su carreta de estos ahorros comenzo la venta de comida, estando en mejores condiciones, al poder tener estas ventas, ya que de las ganancias nos surtimos para nuestro alimentos.
El todas las tarde tiene un lugar fijo en una rotonda de la capital, en donde ofrece variedad de comida en tacos, pollo asado, carne, salchichón, tajadas verdes y madura, gallopinto, refrescos y gaseosa, por tal razón está optando al financiamiento para poder hacer más variedad de comida en comprara: Carne, pollo, salchichón en mas cantidad, un quintal de arroz, azúcar, frijoles, bidón de aceite frutas y verduras para seguir ofertando sus ricos platillos, obteniendo la captación de más clientes y que gracias a Afodenic será posible la inversion.

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
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Pedro Joaquin to purchase meat, chicken, sodas, fruit, and vegetables, in order to offer more food to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013