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Martha Rosa
Doña Martha Rosa is 33 years old, married, and has three school-aged children. She and her family live in the neighborhood of La Fuente. Her husband sells clothes, while she sells grains and variety of other products. She started her business several years ago by selling pork from her home, but the recent outbreak of swine flu impacted her sales in a negative way.


With her savings and a loan from AFODENIC, she purchased basic grains so that she could continue making sales. For this loan request, she will buy 28 quintales (1 quintal = 46 kg) of beans so that she can increase her sales and achieve better returns. She hopes her sales continue to grow as she obtains more customers. Doña Martha Rosa has benefitted from her previous loans and is grateful to the Institution for helping her develop financially as well as personally.

View original language description ↓
Doña Martha Rosa tiene 33 años de edad, reside en el barrio la fuente, casada y con tres hijos que estudian, su esposo vende ropa, y ella granos básicos y una variedad de productos, ella inicio las venta hace varios años vendía cerdo pero con la enfermedad del ahn1se le vino abajo las ventas, el cual requirió de su ahorros y préstamo en Afodenic para lograr la compra de granos básicos, el cual ha salido adelante con las ventas. Con este crédito comprara 28 quintales de frijoles para incrementar las ventas y obtener mejores ganancias. Sus planes es seguir creciendo en venta como obtener la clientela. Se ha beneficiado con los préstamos y da las gracias ala institución por su desarrollo económico como personal.

Additional Information

About AFODENIC

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.

About Nicaragua

  • $3,636
    Average annual income
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 20.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Martha Rosa purchase beans in large quantities.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010