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Reynaldo Bismarck

Update on Reynaldo Bismarck

Reinaldo's business is a hardware store. He opened this business 4 years ago thanks to his savings from his previous jobs as an electrician. His wife sells soft drinks and contributes in this way to pay the household expenses. He has two daughters; the eldest is married, the youngest, who is 10 years old, attends primary school.
With this loan he wishes to increase the supplies in his hardware store by purchasing pvc pipes, rubber and plastic clamps, assorted sockets, keys, hinges, fasteners, sandpaper, padlocks, screws, galvanized pipes and other items. In this way he will be able to offer a larger stock to satisfy his customers and increase his profit to benefit his family.
View original language description ↓
El negocio de don Reynaldo es venta de productos ferreteros, hace 4 años puso este negocio gracias a sus ahorros de diferentes trabajaos desempeñados como electricista, su esposa vende refrescos de esa manera ella colabora para con los gastos del hogar, tiene dos hijos una casada y la pequeña de 10 añitos estudiante de la escuela primaria, con el crédito solicitado desea aumentar su inventario en la ferretería comprando tubos pvc, cepos de hule, de plástico, toma corrientes variados, llaves, bisagras, broches, lijas, candados, tornillos, tubos galvanizados, entre otros para ofrecer la mayor existencia en productos para satisfacer a sus clientes y aumentar sus ingresos para beneficio de su familia.

Previous Loan Details

Reynaldo owns his own hardware store. He has been in this business for more than three years. He started out with little but has gradually increased his business through his profits and loans that Afodenic have given him over three loan cycles. This has enabled him to buy a greater variety of... More from Reynaldo Bismarck'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

  • $3,636
    Average annual income
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,046,775
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Reynaldo Bismarck to purchase pvc pipes, rubber and plastic clamps, assorted sockets, keys, hinges, fasteners, sandpaper, padlocks, screws, galvanized pipes and other items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Nov 1, 2012
Currency Exchange Loss:
Aug 18, 2013