Don Rolando Antonio E. is 53 years old and lives in the Laureles Sur neighborhood in Managua, capital city of Nicaragua. He and his wife have two children who are students. His wife helps him in the bakery where they have been working for 10 years, trying to get ahead financially.
Don Rolando began accepting loans granted through Kiva partner Afodenic. This is his ninth loan, which will be invested in the purchase of flour, sugar, yeast, butter and other products used to make bread to be sold daily in different neighborhoods in the city.
His plans are to be able to hire two bakers to increase the production and sales of bread. He also wants to buy another truck to facilitate transportation.
Don Rolando Antonio E. tiene la edad de 53 años, habita en el barrio Laureles Sur en la capital de Managua, su esposa le tiene dos hijos que están estudiando, ella ayuda en la panadería en el cual llevan diez años trabajando para sobresalir adelante, el inicio estos prestamos con prestamos que Afodenic otorgo este es su noveno crédito el cual invertirá en la compra de harina, azúcar. Levadura, manteca y otros productos para elaborar el pan que día, a día hacen para vender a los diferentes barrios de la capital. Sus planes es poder contratar dos panaderos para que eleven la producción y venta del pan, a si como comprar otra camioneta para hacer fácil el traslado.
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.