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Jorge Luis
Mr. Jorge Luis is married and has two children. His wife is a housewife. Jorge rents a space in the marketplace and has a grocery store at home, which has given him good profits to pay for his children’s education.

Jorge wants to invest in more products and expand his business, step by step. This is why he is requesting his first loan to buy grains, beverages, meat and dairy products. He appreciates this opportunity, something that will benefit his and his family’s economy.
View original language description ↓
Don Jorge Luis, es casado tiene dos hijos, su esposa es ama de casa, Jorge alquila un tramo en el mercado y en su casa tiene una pulpería que le ha generado buenas ganancias con lo que ha hecho posible mantener a su hijos en la escuela, ahora él desea invertir en mas productos y así ir creciendo poco a poco, por esta razón solicita este primer crédito para comprar granos básicos, gaseosa, carnes y productos lácteos, agradece esta oportunidad de crédito que viene a ayudarle mucho a su economía y la de su familia.

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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,048,775
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Jorge Luis to buy grains, beverages, meat and dairy products.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2013
Listed
Apr 2, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014