Mercedes Sánchez is 54 years old and lives in the Campo Bruce neighborhood of Managua, the capital of Nicaragua. She is the single mother of three children, all of whom are now independent. Mercedes' short- and long-term goals are to improve her home and improve her quality of life. Since Mercedes is a single mother, she is responsible for all personal and household spending. When she was quite young she started washing and ironing clothes, caring for children, and selling on the street. She now has her own small tortilla-selling business and is a very enterprising, hard-working woman. Thanks to Afodenic loans, she has been able to acquire funds to continue expanding her business. She will use this loan as working capital, and will buy corn, firewood, beans, cheese and cream so that she can produce and sell more tortillas and thus earn more in profits.
La Señora. Mercedes Sánchez, tiene 54 años, habita en el barrio campo bruce en la capital de Managua, madre soltera con tres hijos todos independientes, el mejoramiento de su vivienda y nivel de vida son los planes a corto y largo plazo. Doña Mercedes al ser una madre soltera tiene que asumir todos los gastos de la casa y los personales. Desde muy joven inicio a trabajar lavando y planchando, cuidando niños, vendiendo ambulantemente. Ahora tiene su pequeño negocio de venta de tortilla, es una mujer emprendedora, trabajadora. Que gracias a los préstamos en Afodenic ha obtenido la oportunidad de adquirir fondos económicos para seguir creciendo, el préstamo será invertido en capital de trabajo, los productos que comprar son: maíz, leña, frijoles, queso y cremas para vender mayores cantidades y obtener mayores utilidades.
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.