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Carlos Adolfo
Mr. Carlos is a salesman that dreams of expanding his business to leave his grandchildren a stable source of income. He wakes up early in the morning and together with his wife sells his products at home. His customers place orders or buy what he has in stock.

Carlos does not have enough stock now, so he is planning to invest in a new line of products: fans, irons, perfumes, and of course, clothes. He is requesting a loan to buy these products and sell them.
View original language description ↓
Don Carlos, de ocupación comerciante que anhela crecer con su negocio para heredarle a sus nietos un medio seguro de ingresos, junto a su esposa a diario se levanta muy temprano para ofrecer sus productos a la clientela a los que vende por encargo y también en su casa de habitación hoy en día no tienen mucho en su inventario, pero sus planes ahora son invertir en una nueva línea de productos como lo son: abanicos, planchas y perfumes, no sin dejar atras la ropa por el cual solicita el crédito para poder hacer estas compras y vender.

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
  • 171
    View loans »
    Nicaragua Loans Fundraising
  • $23,210,200
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Carlos Adolfo to buy fans, irons, perfumes and clothes.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014