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Hermenegildo German

Update on Hermenegildo German

Hermenegildo is a single gentleman who is alone in this life. With sacrifice, he gave his children the necessities. They are now adults and independent. He is a person, who along the way, has supported himself financially by selling pastries, among other things, in order to be able to pay his expenses.

He now also sells remote controls for televisions, pencil cases, and cell phone accessories, among others.

The loan that he is requesting is to buy the mentioned products in order to continue with the sales. He makes his sales in an itinerant manner with a backpack. He works under the sun and the rain in order to manage to get the daily income. There are a lot of people in Nicaragua who, like Hermenegildo, have adopted this way of getting income due to the lack of employment.
View original language description ↓
Don Hermenegildo, un señor soltero solo en la vida que con sacrificio dio lo necesario a sus hijos, quienes ahora son mayores de edad e independientes, es una persona que a lo largo del camino se ha defendido económicamente vendiendo reposterías entre otras cosas para poder sustentar sus gastos. Hoy en día se dedica también a vender controles para televisores, cartucheras y accesorios para celulares entre otros y este crédito que solicita es para comprar los productos mencionados para continuar con las ventas las cuales las hace de manera ambulante con una mochila bajo el sol y lluvia para lograr obtener el ingreso del día, así como don Hermenegildo hay muchas personas en Nicaragua que han adoptado esta medio de ingresos, por la falta de empleo.

Previous Loan Details

Hermenelgildo is still in his business selling staple grains, candy, and rosquillas (Nicaraguan pastry similar to a doughnut). He sells from his home and as a street vendor, managing to earn more income. There are difficult days, when he has few sales and is tired. But his objective is to kee... More from Hermenegildo German's previous loan »

Additional Information


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

  • $4,800
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,079,250
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Hermenegildo German to buy remote controls for televisions, pencil cases, and cell phone accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 11, 2013
May 19, 2013
Currency Exchange Loss:
Jun 17, 2014