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Mario Enrique

Update on Mario Enrique

Don Mario is a hardworking gentleman. His wife is a homemaker who is in charge of keeping their house in order.


He continues to sell various types of new clothing at a market in Managua. The loans he has invested have helped to develop his business. Mario is requesting a loan so that he can continue investing. He expects to grow and open another shop in the future at another location. His children will manage the other shop.

View original language description ↓
Don Mario, es un hombre trabajador su esposa ama de casa que se encarga del orden del hogar, continua adelante con su venta de ropa nueva variada ubicado en un mercado de Managua en donde sus créditos los ha venido invirtiendo para el desarrollo de su negocio, por el cual está solicitando el crédito para seguir invirtiendo, espera crecer y en el futuro poder tener otra tiendita en otro local, para que sus hijos lo administren.

Previous Loan Details

Mario is married and sells clothing and shoes for a living. With the previous loan he bought merchandise for the business. His current project is to carry out home improvements and increase sales. He has been business for some time, and it is the only source of income for his household. He is… More from Mario Enrique'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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Mario Enrique to buy general clothing, shoes, cosmetics, undergarments, and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014