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Reynelda De Los Ange
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Reynelda is 43 years old and married and lives with her husband in the Hialeh neighborhood. Her husband sells soft drinks and baked goods in a school in the city. They have 2 daughters, aged 16 and 14, and a 12 year old son.

The family's immediate desire is to be able to remodel their house in order to make it a more comfortable home for the children. Reynelda has a convenience store in the house and also sells barbecued meats 3 times a week.

She started her business with just the convenience store but thanks to a little saved capital she was able to start selling barbecue. Her future plans for the business include diversifying her products and capturing a new segment of the market. With the loan she will buy basic grains, personal care products and vegetables for her business.

Translated from Spanish by Erin Corcoran, Kiva volunteer.

Reynelda tiene 43 años de edad, habita en el barrio Hialeah es casada, su esposo es comerciante de refrescos y repostería en un colegio de la ciudad. Tiene dos hijas de 16 y 14 años y un varón de 12 años.


Los planes para su familia son poder remodelar su hogar a fin de brindarles comodidad a sus hijos. Reynelda tiene una pulpería en su casa de habitación y vende asados 3 veces a la semana.


Comenzó con la pulpería, pero gracias a un poco de capital ahorrado pudo iniciar sus ventas de asados. Los planes futuros para su negocio son diversificar el producto y obtener un nuevo segmento de mercado. Con el crédito comprará granos básicos, productos de aseo personal y verduras para su negocio.

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
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $23,830,025
    Funds lent in using Kiva
  • 19.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Reynelda De Los Ange purchase of basic grains, vegetables and personal care products.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 26, 2008
Listed
Jul 25, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009