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Freddy Antonio
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Freddy is 34 years old and he and his life's companion have a small bakery. They have worked at this for the past 14 years, and began with their own money. One of the difficulties that has most impacted them is the constant increase in flour, which has obligated them to raise prices. Freddy's plan is to enlarge the bakery, and for this he would use this loan to buy raw materials in order to create more products. Freddy has 3 children of 4, 8, and 10 years of age, whom he hopes to be able to educate to become people of good society. Freddy's bakery is known in the neighborhood Villa Libertad as a bakery that offers excellent products, and because of this it is much enjoyed by everyone nearby.

Translated from Spanish by Jessica Kaminsky, Kiva Volunteer.

Freddy tiene 34 años de edad y junto a su compañera de vida tienen una pequeña panadería. Tienen 14 años de dedicarse a esta actividad que iniciaron con fondos propios, una de las dificultades que más les ha afectado es el aumento constante de la harina, lo que les obliga a subir los precios. El plan que Freddy tiene es poder ampliar la panadería, por eso el uso del crédito será para comprar materia prima para elaborar más productos. Freddy tiene 3 hijos de 4, 8 y 10 años de edad, a los que espera poder educarlos para hacerlos personas de bien a la sociedad. La Panadería de Freddy se ha destacado en su barrio Villa Libertad como una panadería que ofrece excelentes productos, y por eso es muy gustada por todos sus vecinos.

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
  • $25,390,325
    Funds lent in using Kiva
  • 19.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Freddy Antonio to buy ingredients for a bakery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 8, 2008
Aug 25, 2008
Currency Exchange Loss:
Oct 15, 2009