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.
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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