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Juan Alfonso
Juan Alfonso is 37 years old. He has a small business selling fried foods in the neighborhood of Ticuantepe. His wife works as a bio-analyst in a medical clinic. In this way they both support each other so they can give all of their attention to their two month-old baby, who needs lots of care and, above all, good living conditions. They need to build a kiosk outside of their house so they can have more visibility for their products where the customers will see them and not have the business inside their house. He is requesting his first loan with Afodenic and Kiva so he can buy construction materials such as: 7 units of purlins at 3,290.00 Nicaraguan córdobas (NIO); 10 zinc roofing sheets at 5,000.00 NIO; 1 galon of paint at 700.00 NIO; 2 bags of cement at 440.00 NIO; 20 buckets of sand at 440.00 NIO. This comes to 9,870 NIO, not including labor. He is appreciative of the support provided.
View original language description ↓
El joven Juan Alfonso de 37 años, es un pequeño comerciante de venta de fritanga del sector de ticuantepe, su esposa labora como bioanalista en una clínica, de esa manera ambos se apoyan para brindarle todas las atenciones pertinentes a su bebe de dos meses de nacido quien necesita de mucho cuido y sobre todo condiciones, por lo que necesita realizar una caseta en la parte de afuera de su casa, para que obtengan mas visibilidad sus productos ante los clientes y así no tiene el negocio dentro de su casa. Solicita apoyo de un primer crédito con AFODENIC y KIVA para poder comprar materiales de construcción como lo son: -7 unidades de perlines a C$ 3,290, -10 láminas de zinc a C$ 5,000, -1 galón de pintura a C$ 700, -2 bolsas de cemento C$ 440, -20 cubetas de arena a C$ 440 que asciende a un total de C$ 9,870 córdobas netos, sin incluir la mano de obra, agradece por el apoyo brindado.

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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,505,525
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Juan Alfonso to buy purlins, zinc roofing sheets, paint, bags of cement, and sand.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013