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A loan of $1,025 helped to purchase seafood for his business.

Niger Armando's story

Don Niger, 48, devotes himself to selling seafood, with more than 15 years in sales, this being his primary source of income. Among his difficulties is that of not having support from a wife; however this has not been such an impediment as to keep him from avoiding stagnation and making progress. Thanks to the financing given by the institution he has been diversifying his business's inventory which he brings from Bluefields, and increasing his sales and earnings.

His plans for this loan cycle, which is his fifth, is to reinvest in his business, buying among other products: small Nicaraguan shrimp, oysters, shrimp, lobster, fish, conchs, and sea crabs. Owing to the demand he has seen in recent months he plans to increase his sales inventory and stock up in order to increase his monthly earnings. His hope for the future is to have his own work materials in Bluefields and save on transportation costs for his merchandise.

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Translated from Spanish by Kiva volunteer Meg Wolfe-Roberts

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Loan details