Funded

Total loan: $475
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Miguel Angel

Nicaragua
Managua, Nicaragua / Waste Management

A loan of $475 helped to buy iron, aluminum, and bronze in order to sell more and have better results.


Miguel Angel's story

Miguel is a man who is dedicated to business. He now works selling junk. He has been in this business, which there is a great demand for, for several years.

He started with little money. Thanks to loans from Afodenic, his sales levels rose when he offered more aluminum products. In a week’s time he walks through the neighborhoods buying metal. He has customers who come to his house to sell him metal. He has a small store at the edge of his land.

As a father’s objective, he wishes to give his four children an education. That is why he works a lot in order to give them the daily necessities.

He will use the new loan to buy iron, aluminum, and bronze because this is what sells the most.

Translated from Spanish by Kiva volunteer Ginny Kalish



Loan details

Loan length:

14 months
Disbursed date: December 10, 2010

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: December 10, 2010