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Amadeo
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Amadeo R. is requesting a loan in order to invest in his small business. He lives, together with his wife and two sons, in Almendro. His oldest son, who is 16 years old, is in his third year of secondary education and the other is 11 years old and in the fifth grade.



With effort he has managed to establish his small business in his house, which enables him to offer perishable and non-perishable items. With this he is able to generate income to guarantee the well-being of his family and grow his small business. In addition, Amadeo works selling livestock which helps with the household expenses and improve his income, at the same time improving the family living conditions.

Translated from Spanish by Donald Allen, Kiva Volunteer.





Don Amadeo R. está solicitando su crédito para invertirlo en su pequeño negocio, habita junto a su familia compuesta por su esposa y 2 hijos en su casa ubicada en el Almendro, su hijo mayor de 16 años estudia su tercer año de educación secundaria y el otro de 11 años de edad estudia su 5to grado.



Con esfuerzo propio ha logrado establecer su pequeño negocio en su casa de habitacion, lo que le permite ofrecer productos perecederos y no perecederos el cual le brinda ingresos para garantizar el bienestar familiar y consolidar su pequeño negocio; además don Amadeo se dedica a comercializar ganado el que apoya los gastos del hogar y mejorar su ingreso, al mismo tiempo que mejora las condiciones de vida familiar

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
  • 165
    View loans »
    Nicaragua Loans Fundraising
  • $23,235,250
    Funds lent in using Kiva
  • 19.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Amadeo buying perishable items for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 29, 2008
Listed
Jun 22, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009