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Cesar Augusto
Cesar is 58 years old, living in the South Laureles neighborhood in the capital of Managua. He is single and has five grown children. His plan for his family is to have an inheritance for his children. Cesar works selling various clothes for children and adults. He sells for cash and on credit. He has had his small business for 30 years. He started it with his own money. His plan for his business is to increase his sales through (selling) new products and (reaching) new sectors of the market.

This is his third loan. The loans have been of much benefit, as he has already made several improvements to his home. With this loan from Kiva partner Afodenic, he will be able to buy construction materials such as cement, bricks, and zinc, so that he can continue improving the infrastructure of his house and gaining better security for his family.
View original language description ↓
El Sr. Cesar tiene 58 años de edad, habitante del barrio Laureles Sur en la capital de Managua, estado civil soltera, tiene cinco hijos mayores. Sus planes para la familia es tener un patrimonio para sus hijos. Don cesar se desempeña como vendedor de ropa variadas de niño y adulto vende al contado y al crédito, su pequeño negocio lo tiene desde hace treinta años, lo inicio con fondo propio, los planes para su negocio es aumentar el volumen de venta mediante nuevos productos y nuevos sectores de mercado. Con esta solicitud es la tercera lo cual ha sido de muchos beneficios ya que ha hecho mejoras a su vivienda con este préstamo de Afodenic lograra comprar materiales de construcción como: cemento, bloques, zinc y así seguir mejorando la infraestructura de su casa obteniendo mayor seguridad para su 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.

About Nicaragua

  • $4,800
    Average annual income
  • 135
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 19.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Cesar Augusto buy construction materials to fix up his home.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2008
Listed
Jan 3, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010