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Luis Adolfo
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Luis Adolfo, a young 29 year old who lives in the Laureles Norte neighborhood, is single and does not have any children yet. He sells ceramic tiles, a business that he initiated 8 years ago. At first, the most difficult part was the acquisition of a location in order to set up shop. The business started with little inventory which he purchases with his own savings. However, it has grown over time and he has been able to increase sales. The use of this loan will be for the purchase of more ceramic tiles in order to reinforce his inventory, since his plans are to grow in order to have more locations where he can offer his products.


Tranlsated from Spanish to English by Laura Jung, Kiva Volunteer.


Luis Adolfo, un joven de 29 años que habita en el barrio Laureles Norte, es soltero y todavía no tiene hijos. Se dedica a la venta de cerámica, negocio que inició hace 8 años, y que al principio lo más difícil fue la adquisición de un local para realizar sus ventas, el negocio lo empezó con poco inventario ya que solamente contaba con ahorros personales, pero a través de este tiempo ha ido creciendo y ha podido aumentar su negocio. El uso del préstamo será para la compra de más cerámica para fortalecer su inventario ya que sus planes son crecer para tener más locales en los que ofrecer su producto.

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
  • 153
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 19.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Luis Adolfo reinforcement of inventory through the purchase of ceramic tiles.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 18, 2008
Listed
Aug 1, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009