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Luis Alfonso
Luís is 45 years old and lives in the Hialeah neighborhood of Managua. He and his wife have two children, who are 12 and 18 years old, respectively. Both children are in high school. Luís buys and sells replacement automobile parts, and also works as an auto mechanic. He's had this business for six years, having started by investing his personal savings in replacement parts. With this loan he would like to invest in construction materials in order to build an extra room on his home, making it more comfortable for his family. He thanks Afodenic for its support. Luís plans to improve his business and work with suppliers that offer products at better prices.
View original language description ↓
El Sr. Luís tiene la edad de 45 años, reside en el barrio Hialeah en la ciudad de Managua, su esposa le tiene dos hijos de 12 y 18 años de edad que están estudiando la secundaria, el negocio de don Luís es la compra y venta de repuestos de vehículos usados y también realiza trabajos mecánicos ya que es mecánico automotriz, en este negocio tiene seis años. Inicio este negocio con ahorro de su trabajo anterior de mecánico y se propuso a invertir en repuestos. Con esta solicitud de crédito la quiere para invertir en materiales de construcción para hacer un cuarto y darle mejor comodidad a su familia, da las gracias Afodenic el apoyo. Sus planes a futuro es mejorar el negocio y conseguir proveedores que oferten el producto a un mejor precio.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 20.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Luis Alfonso buy construction materials to build a new room.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010