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Juan Francisco
Juan is 32 years old, living in the Paraisito neighborhood in the capital of Managua. He is married; his wife works for the Zona Franca ** His plan for his family is to finish construction on his house. Juan runs his small auto repair and paint shop with 10 years of experience in automotive work, and one year of working independently. He started as a painting assistant, and now he has his own business. His goal for his business is to increase his volume of production by having better tools and offering a quality service to his customers. Thanks to the loan from Kiva partner Afodenic, he will be able to buy tools such as a welder, a roof (for his business), and other tools that will allow him to generate more profits at work and, each day, offer his customers a better quality of service. Therefore, he will be able to gain more customers to have better income.

**Translator's note: The Zona Franca is a governmental organization that regulates exportation from Nicaragua. See for more info (in Spanish).
View original language description ↓
El Sr. Juan tiene 32 años de edad, habitante de barrio El Paraisito en la capital de Managua, estado civil casado, su esposa es operadora de la zona franca. Los planes para su familia es terminar la construcción de su casa. Don Juan se desempeña en su pequeño negocio de enderezador y pintura automotriz con Diez años de experiencia en el ramo de automotriz y un año de independizarse, inicio como ayudante de pintura y ahorra tiene su negocio propio. Sus metas para su negocio es aumentar el volumen de producción mediante el desempeño con mejores herramientas y ofreciendo servicio de calidad a nuestros clientes. Gracias a los prestamos de Afodenic lograra comprar herramientas como: soldador, un teche y otras herramientas que le puedan generar beneficios en su trabajo y ofrecer cada día mejor calidad de trabajo a sus clientes, y así lograr captar mas clientes para obtener mejores ingresos.

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
  • 38
    View loans »
    Nicaragua Loans Fundraising
  • $26,388,300
    Funds lent in using Kiva
  • 19.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Juan Francisco buy tools such as a welder for his automotive shop.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Dec 16, 2008
Jan 3, 2009
Currency Exchange Loss:
Sep 15, 2009