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.
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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