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German Armando
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German is 59 years old and is married with three children. All of his children are grown and two are married. German works as a carpenter, but due to the lack of work that he had, he saw the need to start a small clothing store out of his home. He and his wife manage the store together and he has had the store for two years now. His daughter is also living at home; she is a single mother. Because of this he alternates work between carpentery and the clothing store in order to earn enough income to support his family. He is asking for this loan to invest in the purchase of clothes for his store. Because the Christmas season is upon us, there is a much greater demand from his neighbors in the La Fuente neighborhood.

Translated from Spanish by Kim Baker, Kiva volunteer.

Don German tiene 59 años de edad, casado y con tres hijos, todos mayores de edad y dos de ellos casados. Don German se dedica a la carpintería, pero debido a los pocos trabajos que obtiene, se vió en la necesidad de poner una pequeña tienda de ropa en su casa de habitación la que administra al lado de su esposa, tiene dos años de tener esta tienda.En su casa de habitación vive con una de sus hijas, que es madre soltera: es por eso que su trabajo lo alterna entre la carpintería y la tienda para poder generar los ingresos suficientes para la manutención de su familia. Requiere el crédito para invertirlo en ropa para su tienda, ya que en esta época navideña hay mucha más demanda por parte de sus vecinos del Barrio La Fuente.

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
  • 51
    View loans »
    Nicaragua Loans Fundraising
  • $26,418,100
    Funds lent in using Kiva
  • 18.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped German Armando to purchase clothes for his additional clothing store business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 5, 2008
Dec 22, 2007
Currency Exchange Loss:
Oct 7, 2008