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Gloria Maria
Gloria S. sells clothing, shoes, and cosmetics, as well as fruits and vegetables. She is 45 years old, and lives with her husband, a radio technician, and their 11-year-old son who attends elementary school. They live in the Memorial Sandino neighborhood of Managua.


Gloria started her business with her own savings and her desire to achieve both economically and in her family. She has, since then, taken out and repaid nine loans with AFODENIC. These have been very useful both to build the business and to improve their house. With this loan, she will invest in a variety of clothing and fruits and vegetables in order to offer her customers a wide variety of products. This will be a service to the customers and will lead to increased sales.

View original language description ↓
Doña Gloria S. de 45 años de edad, su negocio es la venta de ropa, zapatos, cosméticos y la venta de frutas, verdura, el cual inicio con fondos propios y la iniciativa de crecer en la economía como en su vida en la dependencia de su esposo, el trabaja como radiotécnico, residen en el barrio Memorial Sandino en la capital de Managua, con un hijo de 11 años que estudia la primaria, en Afodenic lleva nueve ciclo trabajando el cual ha sido de mucho beneficio ya que ha invertido en el negocio como en las mejoras de su casa. Con este préstamo invertirá en la compra de ropa variada, verduras y frutas para ofrecer a sus clientes una gama de variedad para darles un buen servicio y poder obtener mejores ventas.

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

  • $4,800
    Average annual income
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 20.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Gloria Maria to buy clothing and various fruits.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Sep 2, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010