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Señor Rubén V. O. is 53 years old and lives in a low-income neighborhood called "Barrio Laureles Norte," where the residents lack adequate security and hygiene. He is married and he and his spouse have had a small business for 11 years, which is a small grocery store. They have a daughter who is 10 years old who is currently in primary school. They wish to take out this loan to invest in their business, so that they can generate a higher income that will lead to a positive change in their standard of living. They yearn for their daughter to attain a successful professional education and become a good citizen in this society.
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El señor Rubén V. O. tiene 53 años de edad, habita en un barrio de escasos recursos económicos que no cuenta con la seguridad y la higiene necesaria para brindarle a sus habitantes, el cual es llamado “Barrio Laureles Norte”, él es casado y con su esposa tienen un pequeño negocio hace 11 años, el cual es una venta de abarrotes “pulperia”, ellos tienen una hija de 10 años de edad, actualmente cursa la escuela primaria, desean solicitar este préstamo para poder invertirle a su negocio y de esta manera obtengan una mayor generación de ingresos que a largo se traduzca a un cambio optimo en su nivel de vida, pues ellos ansían que su hija logre culminar sus estudios profesionales y se convierta en una ciudadana de bien en esta sociedad.

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
  • 41
    View loans »
    Nicaragua Loans Fundraising
  • $26,366,175
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Ruben to buy products for the grocery store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 30, 2009
Dec 4, 2009
Currency Exchange Loss:
Dec 15, 2010