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Ricardo Jose
Ricardo is 50 years old. His wife helps with the business, making and selling of birthday piñatas. They have three children, two of who are married and on their own. The third child is five years old and is a special needs child.

Ricardo sells used clothing along with having a small grocery shop so that he can cover the household expenses. He has been working with great sacrifice since he was very young, so that he could set up this business. He wants to invest into it by buying packs of clothing, basic grains, personal hygiene products, sausages, and cereals. He expects to be able to continue to expand his work with this injection of capital.
View original language description ↓
Don Ricardo tiene la edad de 50 años, su esposa le ayuda en el negocio que es la elaboración y venta de piñatas para cumpleaños, ellos tienen tres hijos dos ya son casados e independientes y uno de 5 años con capacidades diferentes a quien le brindan un cuidado especial, así también don Ricardo vende ropa usada a la par de su pequeña pulpería para poder con los gastos del hogar, él desde muy joven ha venido trabajando con mucho sacrificio para lograr poner este negocio que ahora desea invertir comprando mas pacas de ropa, granos básicos, productos de higiene personal, embutidos, cereales entre otros con los que espera seguir creciendo con esta inyección de capital en su trabajo.

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.

About Nicaragua

  • $4,800
    Average annual income
  • 98
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ricardo Jose to stock his store.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 30, 2012
Dec 5, 2012
Currency Exchange Loss:
Apr 16, 2014