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Marcos Erminio
Marcos is a hard-working man. When he left the Nicaraguan Army he received a pension and with this money he began his business, selling glasses, watches, night lights, alarm clocks, among other things, in Managua's Mayoreo market. He is a mobile vendor who has obtained permission to sell there. This is where all buses depart for the northern departments.

Thanks to loans provided through AFODENIC, he has been able to maintain his inventory, although in recent months his sales have been low. Since he must start selling very early if he wants to succeed, he has to buy his own lunch.

With this loan for Christmas season Marcos wants to buy billfolds, calculators, caps, and watches for ladies and gentlemen, as well as a variety of glasses, to attract customers, increase sales and satisfy the needs of his wife and his 2 children, who depend on his source of work.

View original language description ↓
Don Marcos Rodríguez es un hombre trabajador desde que salio del ejercito de Nicaragua le dieron una pensión el cual con este dinero monto su propio negocio desde hace quince años vendiendo lentes, relojes, lámparas de noche, alarmas entre otro en la cotran del Mayoreo en donde vende ambulante por que solicito un permiso para vender ambulante dentro de la misma. Ya que es donde salen todas las unidad de buses a los diferente departamento del norte. Gracias a los préstamo que Afodenic a otorgado ha logrado mantener su inventario, por que las ventas en los últimos meses han sido baja a demás el tiene que comprar su almuerzo ya que desde horas temprana sale con su venta para poder lograr vender. Con este préstamo que es temporada navideña desea invertir en la compra de billetera, calculadoras, gorras, relojes para dama y caballero como una variedad de lentes para atraer clientes y lograr que sus ventas aumenten para poder sastifacer las necesidades de su esposa y sus dos hijos ya que de su fuente de trabajo subsisten.

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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $25,754,375
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 21, 2009
Nov 30, 2009
Currency Exchange Loss:
Dec 15, 2010