Doña Teresa de Jesús lives in Villa Reconciliacion, in the capital of Managua. She is 50 years old. She is a seamstress and has been involved in the sale of clothing for thirty two years. She was able to start this with savings given to her by her husband.
She has three children who are 15, 24 and 27 years old. Two of them study and the eldest works. Her husband is a merchant of simple grains.
She plans on improving her home in order to be able to offer her children the best possible. She will invest the loan in the purchase of new clothing for women and men, offering her clients variety.
Doña Teresa de Jesús, reside en Villa Reconciliación en la capital de Managua, tiene 50 años de edad, se dedica a la costura y venta de ropa desde hace treinta dos años, el cual inicio con ahorro que su esposo dio, reside en Villa Reconciliación en la capital de Managua, sus hijos son tres de 15,24 y27 años de edad, dos estudian y el mayor trabaja, su esposo es comerciante de granos básicos. Sus planes es poder mejorar su vivienda para dar a sus hijos las mayores comodidades. Con este crédito va invertir en la compra de ropa nueva de damas y caballeros para ofertar a sus clientes la variedad.
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.