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Rafael Arturo
Rafael lives in the town of Ticuantepe together with his wife. The biggest problems that he faces in his business are rising product prices and customers who don't pay on time. His plans for the future are to improve his living conditions.

Rafael would like this loan to buy bundles of second-hand clothes to sell, since he doesn't sell very many new clothes. He is grateful for the trust that Afodenic are placing in him by providing him with access to Kiva funds in order to improve his living conditions and grow as a salesman.
View original language description ↓
El señor Rafael , es habitante del municipio de Ticuantepe , junto a su esposa la mayor afectación que se le presenta son la alza de los productos y la impuntualidad de pagos de sus clientes , los planes hacia un futuro es poder mejorar las condiciones de vida , el financiamiento lo quiere para la compra de pacas de ropa de segunda y así vender , ya que la ropa nueva muy poco la vende . Agradece la confianza que le brinda Afodenic atrávez de los fondo Kiva para mejorar las condiciones de vida y crecer como comerciante .

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
  • 57
    View loans »
    Nicaragua Loans Fundraising
  • $26,425,425
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Rafael Arturo to buy bundles of clothes to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 26, 2011
Jun 23, 2011
Currency Exchange Loss:
May 15, 2012