She is requesting her 8th AFODENIC loan, which will be funded through KIVA, to continue improvements on her structurally-sound one bedroom house. She will be changing the zinc in her kitchen, which is in poor condition.
Her husband is a farmer and helps with the household expenses. He wakes up at 4am every morning to begin his work. He raises crops -- such as cassava, taro root, pineapple, and watermelon –- and sells them in the urban markets of Nueva Guinea. Saribel works closely with her husband to improve their living conditions. Her dream is to finish her studies in educational sciences, enjoy good health, and have a stable job.
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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