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Mario Abel
Mario lives in the Georgina Andrade neighborhood, a place where inhabitants have very few resources. He and his wife are looking for ways to get ahead and provide their children, who are 10 and 12 years old, the opportunity to study.

Mario works selling mirrors and decorative picture frames, which are seen commonly in Nicaraguan homes. He buys them already manufactured and he resells them. He requests the support of a loan so that he may invest in his business, since this is his only means of income to provide sustenance for his family.
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Mario, es habitante del barrio Georgina Andrade, una zona donde los habitantes son de muy escasos recursos, junto a su esposa busca como salir adelante y brindarles los estudios a sus hijos quienes tienen las edades de 10 y 12 años. Mario se dedica a la venta de espejos y cuadros decorados, los cuales es muy usual verlos a menudo en las casas Nicaragüenses, los compra ya elaborados y los vende. El solicita el apoyo de crédito para poder invertir en su negocio, ya que este es el único medio de ingresos para el sustento de la familia.

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.

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About Nicaragua

  • $3,636
    Average annual income
  • 149
    View loans »
    Nicaragua Loans Fundraising
  • $23,166,475
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,500 helped Mario Abel to invest in mirrors and decorative picture frames.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
Possible
Expired:
Aug 30, 2013