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Francis Raquel
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Francis lives in the neighborhood of Riguero de Managua. With her own efforts and the support of her family, she was able to start a store in her house. She has already had her small business for five years. She has had difficulty with low sales, but has managed to do well. Her husband is a merchant and he is the head of the family. At 34 years of age, she only has a girl of 1 ½ years of age. The loan is needed to invest in the store. She will buy basic grains, delicacies, and cleaning products for the home, in order to have an assortment and thus to be able to satisfy the demands of her clientele. She works very hard daily to be able to obtain income that will help with the maintenance of the family, as well as the daily fight of having to keep the business always working, in spite of the difficulties that the Nicaraguans suffer these days.

Translated from Spanish by B, Kiva Volunteer.

Francis habita en el barrio Riguero de Managua, con esfuerzos propios y apoyo de su familia logró para poner una pulpería en su casa ya tiene cinco años de tener su pequeño negocio, ha tenido dificultad con las ventas bajas, pero ha logrado salir adelante. Su esposo es comerciante y está pendiente de la familia, a sus 34 años de edad, solo tiene una niña de 1 ½ de edad. El préstamo lo necesita para invertir en la pulpería, comprará granos básicos, golosinas, productos de limpieza para el hogar, con el fin de tener surtido y así poder satisfacer la demanda de su clientela. Diariamente trabaja muy duro para poder obtener ingresos que le ayuden a la manutención de la familia, así como la lucha diaria de tener el negocio siempre trabajando, a pesar de las dificultades que sufren en estos días los nicaragüenses.

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
  • 41
    View loans »
    Nicaragua Loans Fundraising
  • $26,418,100
    Funds lent in using Kiva
  • 19.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Francis Raquel to buy basic grains, cleaning products and sweets for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 22, 2008
Sep 8, 2008
Currency Exchange Loss:
Apr 15, 2009