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Reynaldo
Reynaldo is 36 years old and livest in a neighborhood called North Laureles in the capital city of Managua. His wife has eight children, all who live under his roof and help him with his work. Their ages are 7, 10, 12, 14, 15, 17, 18 and 20, and they are in school. Reynaldo's business buys and sells scrap metal, and he has 10 years of experience in sales that began when he sold some land properties he had, and with it he bought a truck to carry out his work. His wife does the buying of the metals to help make headway for the family since it is quite large and there are a lot of expenses. He is requesting the loan to invest in the purchase scrap metal in the county of Boaco and its communities, which have a good amount of product, and then sell it in Managua. His long term goal is to be able to purchase another truck so he can take in more metal and have more profits, and provide for his children's education so they can be productive members of society.
View original language description ↓
El Sr. Reynaldo tiene 36 años de edad, habita en un barrio de la capital que se llama Laureles Norte, su esposa le tiene 8 hijos todos están bajo su domicilio y le ayudan a trabajar sus edades son 7, 10, 12, 14, 15, 17,18 y 20 años de edad, estudian, el negocio de don Reynaldo es la compra y venta de chatarra y tiene diez años en las ventas que comenzó cuando vendió unas propiedades de tierra que tenia, en donde compro una camioneta en la cual hace su trabajo, su esposa anda con el en la compra de las chatarras, para poder sacar a delante a su familia ya que es un poco numerosa y tenemos muchos gastos. Con la solicitud de préstamo es para invertir en capital de trabajo en la compra de chatarra en el departamento de Boaco y sus comunidades que se haya bastante producto para luego venderla en Managua. A largo plazo es poder comprar otra camioneta para comprar más chatarra y tener más utilidades, poder dar estudios a sus hijos para que sean personas sociables.

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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,461,725
    Funds lent in using Kiva
  • 19.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Reynaldo compra de chatarra.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 26, 2008
Listed
Nov 11, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009