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Luis Alberto
Luis, a 28-year-old young man, initially worked for a tax-free area but he didn't like his job. Then he decided to install a grocery store, which has grown over time and currently is going very well for him. His wife teaches in an institute. They have two children in elementary school for whom Luis works so they can have an education and be able to manage on their own.

He's requesting the loan to stock his business with basic grains, canned goods, candy, baked goods, dairy products, eggs, and other things.

At first, becoming a merchant was difficult because he didn't have sufficient capital. Now, thanks to the Kiva support in his first loan through Afodenic, he'll be able to continue making progress with his business, to improve his family finances.
View original language description ↓
Luis un joven de 28 años, inicialmente laboro para una zona franca pero no le gusto su trabajo, después opto por poner una pulpería que en la actualidad le va muy bien y ha ido creciendo con el pasar del tiempo, su esposa es docente en un instituto, tienen dos hijos que están cursando la escuela primaria por quienes Luis trabaja para que puedan terminar una carrera y valerse por sí mismos. Solicita crédito para surtir su negocio con granos básicos, enlatados, golosinas, reposterías, productos lácteos, huevos entre otros. El incursionarse como comerciante al comienzo fue difícil debido a que no contaba con capital suficiente pero ahora gracias al apoyo que Afodenic le ha brindado a través de kiva en su primer crédito lograra seguir progresando con su negocio, para la mejor economía de su familia.

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
  • 61
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luis Alberto to buy basic grains, canned goods, candy, baked goods, dairy products, and eggs.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Nov 1, 2012
Currency Exchange Loss:
Nov 18, 2013