Eliezer is 39 years old and lives in the neighborhood Laureles Sur in the city of Managua with his wife and two daughters, who study at primary school. Eliezer has a small general store which he has run for 3 years. He started his business with the help of loans, and with savings from his previous work. This is his third loan with Afodenic, which has enabled him maintain a good inventory and grow his business. With this new loan, he will purchase basic grains, chickens, sugar cane, dairy products as well as cleaning products. This inventory will help him meet the demands of his customers and continue to grow his business. Eliezer's plan is to be able to finish necessary work on his house, and to be able to support his daughters' education.
About AFODENICThis 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.
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Success!! The loan was 100% repaid