Dona Felipa is a widow. She is 50 years old and has 3 children, 2 of her children still live with her but are independent. Felipa has worked for 18 years as a teacher and examiner. Her schedule changes each week, causing her to sometimes stay at the school to sleep. She works from 6am until 2pm, and from 2pm until 6pm. In her spare time she works as a seamstress to generate more income. She is requesting a loan to construct a small house for her daughter who was recently married. Her daughter is also a teacher. Felipa feels this is the only opportunity she has to help her so that she can also be more independant.
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.
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Success!! The loan was 100% repaid