One year ago, Doña Ana started a small grocery store where she offers a variety of products in order to attract customers. She started her business with her own capital. Soon thereafter, she was able to help her husband with the expenses and learned how to become an independent woman. She also has the support of her mother.
In the future, she plans to build a separate location for her grocery store. She currently operates her business out of the living room of her house, so her family no longer has privacy and comfortable conditions. She will use her loan to buy different products to restock her business such as basic grains, dairy products, meat, cleaning products and other necessities used by Nicaraguan families. She thanks AFODENIC for providing this loan so that she can invest in her business and achieve better sales and revenues so that she can improve her store.
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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Success!! The loan was 100% repaid