Check out other loans that are currently fundraising!
Bayardo Arsenio
Sr. Bayardo B. lives in the neighborhood of Laureles Sur in the capital city of Managua. He is 61 years old, married, and has 8 adult children. Sr. Bayardo is a pensioner who started his own small business selling grain. He travels door-to-door selling products such as corn flour, cacao, rice, jícaro seeds, oats, and firewood (for preparing the cereal dishes consumed by most Nicaraguans).

Sr. Bayardo has requested a loan to purchase a grain mill so that he can lower his production costs and attract new customers. He thanks the Institution for helping him meet his goals so that he can help his children as much as possible.

View original language description ↓
El señor Bayardo B. de 61 años de edad, reside en el barrio Laureles Sur en la capital de Managua, casado y con ocho hijos que su esposa procreo, todos mayores de edad, el es pensionado y formo su propio y pequeño negocio de venta de cereales que sale a vender ambulante entre los cuales vende pinolillo, cereales, cacao lo cual compra el quintal de maíz, arroz semilla de jicaro, cacao, avena, leña para poder hacer el cereal que tomamos los Nicaragüenses, con este crédito comprar un molino para bajar el costo de producción y poder captar clientes nuevos. Da las gracias ala institución por lograr sus objetivos y a si poder ayudar a sus hijos en lo que pueda.

Additional Information


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
  • 56
    View loans »
    Nicaragua Loans Fundraising
  • $26,430,500
    Funds lent in using Kiva
  • 20.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Bayardo Arsenio purchase a grain mill.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 19, 2009
Sep 1, 2009
Currency Exchange Loss:
Sep 15, 2010