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Juan Guillermo
Juan Guillermo, aged 57, lives in the district of San Judas de Managua, an area populated by those with very scarce resources. Juan makes a living selling water and soft drinks in his home and on the street. In Nicaragua, these products are known colloquially as "bolsitas" or "boli"- drinks packaged in sealed plastic bags. With this job, he was able to raise his children, who are grown-up and independent. His wife is a housewife, and he pays both of their expenses, with his sole source of income. He needs to invest in his small business, which is why he is requesting the help of a loan to buy raw materials such as bags and products to make soft drinks, and in this way, succeed.
View original language description ↓
Don Juan Guillermo, un señor de 57 años de edad, habita en el barrio San Judas de Managua, una zona con pobladores de muy escasos recursos, don Juan se dedica a vender de manera ambulante y en su casa agua y refrescos, nombrados popularmente en Nicaragua como bolsitas o boli, los cuales son empacado en bolsas plásticas selladas labor con el que dio crecer a sus hijos quienes son mayores de edad e independientes, su esposa es ama de casa solamente el cubre los gastos de ambos siendo este su único medio de ingresos, necesita invertir en su pequeño negocio, por lo que solicita apoyo de crédito para comprar materia prima como bolsas y productos para hacer los refrescos, de esta manera seguir adelante.

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
  • 167
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Juan Guillermo to buy raw materials such as bags and products to make soft drinks.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014