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Eufemio Nicolas
Don Eufemio continues to advance in his business. He is converting his store into a business selling fuel for Tropigas (a Latin American energy company). Eufemio has also made a slight improvement to his business by adding a small cybercafé. He now has better conditions to provide this service since the business is in his home.

His three children attend school and his wife helps with the business. Today with this new loan, he needs to expand and finish the space where the cybercafé will be located. Providing more space for his business will create better conditions for his family and the common good of everyone. With this loan, Eufemio will be able to make improvements. He will then use the savings from his income to close off the annex. In the end, he will improve the condition of his home and provide better service to his customers.

View original language description ↓
Don Eufemio sigue avanzando con su negocio, el cual cambio, una pulperia por el negocio de venta de gas de tropigas, asi como mejoro un poco un pequeño cyber, que ahora esta en mejores condiciones de servicio, pues esta al frente del negocio, ahora en su casa.
Sus tres hijos cursan el año escolar, y su esposa lo apoya en el negocio. Hoy con este nuevo prestamo necesita ampliar y terminar el local, donde pondra el cyber, logrando tener mas espacio en la sala ya que no ha mejorado las condiciones, privando a su familia, pero siendo para el bien comun de todo. Podra con este prestamo hacer la mejora y cerrar un anexo que avenido haciendo con ahorro de las ganacias. Mejorando las condicion de vivienda y dando un mejor servicio a su clientela.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Eufemio Nicolas to purchase materials to build a space in his home for a cybercafé.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 20, 2011
Nov 3, 2011
Currency Exchange Loss:
Nov 15, 2012