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Aldo Alberto
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Aldo Ramirez, with the help of his first loan, was able to invest in the improvement of his business. He acquired equipment for the internet in addition to library products. With this loan he will buy a computer to put in his cybercafe and as such continue with the planned growth for his business. He hopes to be able to complete his cybercafe by putting in a cafeteria so that he can provide full service. The previous loan he repaid early and has demonstrated a habit of timely payment, and hopes to be able to receive a new loan. Aldo is single, is 28 years old and lives in the America 4 neighborhood. He is originally from the Atlantic coast. He finished his studies and emigrated to the city in search of better opportunities and a better life.

Translated from Spanish to English by Laura Jung, Kiva Volunteer

Aldo R. con la ayuda de su primer préstamo pudo invertir en la mejora de su negocio, adquirió equipos para el cyber así como también productos de librería. Con este préstamo comprará una computadora para invertirla en el cyber y así seguir el crecimiento planeado para su negocio. Espera poder completar su cyber poniendo en él una cafetería para así poder ofrecer el servicio completo. El préstamo anterior lo pagó anticipadamente y demostró una cultura de pago muy buena, y espera poder acceder a un nuevo crédito. Aldo es soltero, tiene 28 años de edad, habita en el barrio América 4. Es originario de la Costa Atlántica, culminó sus estudios y emigró a la ciudad en busca de mejores oportunidades y una mejor vida.

Additional Information


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

  • $4,800
    Average annual income
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • 19.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Aldo Alberto purchase of a computer.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Aug 16, 2008
Aug 1, 2008
Currency Exchange Loss:
May 15, 2009