Check out some available loans that are similar to this one!
Pedro Joaquin

Update on Pedro Joaquin

Pedro always works together with his wife selling “fritanga”, a mix of different traditional Nicaraguan foods. He has been doing this for twelve years now, which has helped him pay for the education of his two children.

This is his second loan with AFODENIC. He will invest in his business and buy basic grains, plantains, different types of meat and vegetables. This will increase his sales and lead to a larger “fritanga” stall in the future. All of this is possible thanks to the financial support he has received, something he really appreciates.
View original language description ↓
Pedro siempre trabajando junto a su esposa en su negocio de venta de fritanga comida típica del país negocio con 12 años de experiencia lo que le ha ayudado a pagar los estudios de sus dos hijos, este es su segundo crédito solicitado con Afodenic para invertir en su negocio comprando granos básicos, plátanos, carnes y verduras para aumentar las ventas y en un futuro lograr poner una fritanga mas grande, esto será posible gracias al apoyo de financiamiento por lo que está muy agradecido.

Previous Loan Details

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 star... More from Pedro Joaquin's previous loan »

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.

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
  • 146
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Pedro Joaquin to buy basic grains, plantains, different types of meat and vegetables for his food stall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2013
Listed
Feb 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014