She plans to buy building materials with this loan so she can fix her roof so her home is in good condition for family. Her husband originally gave her money to start her business. He is an accountant with a private company. They would both like to improve their home and be able to enjoy the benefits of work.
She gets up early in the morning to make the dough and vegetables for her delicious tamales. She has many customers since they are so tasty and affordable.
She is grateful to this institution for giving her the opportunity to invest and make some home improvements. These opportunities are beneficial for all Nicaraguan citizens so they can fulfill their desires for their families in a satisfactory way. For various reasons many people are unable to have their own home and this causes a lot of anxiety. It this through these loans that we can get ahead.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid