Simona De Los Angeles
Her business is selling clothes, shoes, and perfume. She started her business twenty two years ago with her own money. She sold clothes and shoes door to door. Then she bought a vehicle to get around with her sales. She also started to get loans to increase her inventory.
This is her eight loan cycle with Afodenic. With this loan she will buy construction materials. Her plans are to improve the conditions of her house. It is very simple; it is made of wooden planks and zinc sheeting. She needs to enclose it to make it more secure for her family.
Sus planes es poder mejorar las condiciones de su casa ya que es muy sencilla de tabla y de zinc y necesita terminar de cerrarla para mejor seguridad de su famila.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid