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Franklin H. is 39 years of age and has a degree in Business Administration. He is married and has 2 children: a six-year-old boy and a 15 year-old girl. Due to the country’s high unemployment rate, Franklin found the need to work as a taxi cab driver. His wife works for an insurance company, which means they both work to support the household. He is requesting this loan in order to invest it in his taxi cab and give it maintenance, thus temporarily securing his source of income.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer.

Franklin H. tiene 39 años de edad, licenciado en administración de empresas. Es Casado y tiene 2 hijos un varon de 6 años y una niña de 15 años. Debido a la baja oferta de empleo por la que pasa el país, Franklin se vió en la necesidad de trabajar de taxista. Su esposa trabaja en una empresa aseguradora y los dos se encargan de llevar el sustento a su familia. Solicita el crédito para invertirlo en su vehículo, darle mantenimiento y así poder asegurar su fuente de ingreso por algún tiempo más.

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
  • 85
    View loans »
    Nicaragua Loans Fundraising
  • $25,792,450
    Funds lent in using Kiva
  • 18.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Franklin maintenance and repair of taxi cab.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 28, 2008
Jan 14, 2008
Currency Exchange Loss:
Feb 15, 2009