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Jose Diego
José Diego has been making soft mattresses for 21 years. He started after selling a property in Palacauina and moving to Managua. Jose Diego is 50 years old, is married and has two sons, 24 and 26, who live on their own.

The loan that Jose Diego requests will be used to purchase materials for making mattresses and to improve the small shop where he works.

This is Jose Diego's fourth loan with Kiva partner Afodenic. All the previous loans have resulted in an increase in production sales, and he hopes to continue working with Afodenic.
View original language description ↓
El Sr. José Diego elabora colchones desde hace veintiún año, el inicio cuando vendió su propiedad en palacaguina donde habitaba con su hermano y se trasladaron ala capital de Managua, tiene 50 años y reside en villa Venezuela su esposa le tiene dos hijos de 24 y 26 años de edad que viven independiente, con ese dinero de la venta compraron otra casa y iniciaron el pequeño negocio. Don José con esta solicitud de crédito va invertir en la compra de materia prima, para la elaboración de los colchones y otra parte va utilizar para mejorar la infraestructura del local donde elabora sus productos, ya que es pequeño, este es su cuarta solicitud en Afodenic y que lo ha beneficiado para incrementar sus productos y ventas y espera a futuro seguir trabajando con la institución.

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
  • 168
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 20.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Jose Diego purchasing materials to make mattresses.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2009
Listed
Mar 3, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010