Update on Hermenegildo GermanHermenegildo 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.
Previous Loan DetailsHermenelgildo 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 keep… More from Hermenegildo German's previous loan »
About AFODENICThis 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
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Success!! The loan was 100% repaid