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Alvaro
This young man, Alvaro, is responsible for purchasing for a private business. For the past four years, he has taken on this position with great responsibility and integrity. His wife is in charge of household responsibilities and taking care of their baby. They are a very close family.

This is the first loan that Alvaro is requesting to buy a laptop computer and to pay his wife's school expenses, who is taking beauty classes. They are a family that has fought to move forward and enjoy better conditions. In addition to his salary, he earns income from buying roots and tubers. His dream is to build his own home with better conditions, that his son be healthy, and that his family remain close.
View original language description ↓
El joven Alvaro se desempeña como responsable de compras para una empresa privada desde hace 4 años desempeñandose con gran responsabilidad y honestidad, su esposa se encarga de los quehaceres del hogar y de cuidar su bebe, son una familia muy unida. Este es su primer credito que solicita para comprar una computadora portatil y pagar gastos de estudios de su esposa quien se encuentra cursando clases de Belleza, son una familia que han luchado para salir adelante y gozar de mejores condiciones, ademàs de su salario el obtiene ingresos de la compra de raices y tuberculos; su sueño es construir su propia vivienda con mejores condiciones, que su hijo goze de salud y que su familia permanezca unida.

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
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,700
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Alvaro to buy a computer and pay school expenses.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014