Mr. Miguel C. is 52 years old and lives in the 380 neighborhood in the city of Managua. He is married and has five children, all of whom are students. His plans include improving his family’s standard of living and seeing his children prepare themselves professionally. Mr. Miguel is an industrial technician but he had a hard time finding work in his field, so he decided to start a small recycling business for scrap metal and other materials. One of the difficulties that he has run into is the lack of financing. Thanks to the loans from Kiva partner Afodenic, he has established his recycling business. With this loan he will be able to buy materials such as iron, zinc, etc., which will allow him to increase his income.
El Señor. Miguel C. tiene 52 años de edad, habita en el barrio 380, en la ciudad de Managua, casado tiene cinco hijos todos los tiene estudiando. Los planes que posee para su familia es mejorar su nivel de vida y que sus hijos preparen profesionalmente. Don Miguel de profesión técnico industrial, pero se ha hecho difícil desempeñarse en su oficio por lo cual se dedico ha iniciar su pequeño negocio de reciclajes de chatarras y otros materiales. Iniciando con poco recurso económico. Unas de la dificultares que se encontró en el negocio es falta de financiamientos. Gracias a los préstamos en Afodenic ha establecido su empresa de reciclajes. Con la solicitud de un nuevo préstamo lograra comprar materiales de: hierro, zinc, etc. logrando aumentar sus ingresos.
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.