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Jose Ernesto
José is 52 years old and lives in Laureles Norte. His children are independent. His business is mechanical toys, which can be found in his department and throughout the country, and during various celebrations. He inherited this from his parents 25 years ago, and it has provided a livelihood for his family. This is his fifth loan from Afodenic, whose investment has been very beneficial to his business. He will use this loan to purchase mechanical toys. He plans to change the toys' motors and paint them all, providing better service to his customers and continuing the tradition of his business.
View original language description ↓
Don José tiene 52 años de edad, reside en laureles norte, sus hijos son independientes, su negocio es juegos mecánicos lo cual anda en departamento oh por todo el país, que andan recorriendo las fiestas patronales. Tiene veinticinco años que heredo de sus padres, el cual era su sustento para su familia, esta es su quinta solicitud en Afodenic que es de mucho beneficios para la inversión de su negocio con este crédito va a comprar dos juegos mecánicos. Sus planes es poder cambiar de motor a los juegos como pintar todos lo juegos para brindar un mejor servicios a sus clientes y seguir con la tradición y trabajo de su negocio.

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
  • 137
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 20.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jose Ernesto purchase mechanical toys.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2009
Listed
Mar 8, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010