Doña Elvira is 46 years old and lives in the neighborhood, Manuel Fernández, in the capital of Managua with her four older children who work. Her business is a general store that she started several years ago with her savings and financing from Afodenic. Her plans are to be able to improve her house and to continue supporting her children. With this loan, she is in her seventh cycle and will buy a variety of products for her general store such as: basic grains, milk products, meats, sweets, etc. in order to increase sales and to have better profits. She is thankful for this institution for the opportunity that she has had to be able to invest in her business.
Doña Elvira de 46 años de edad, reside en el barrio Manuel Fernández en la capital de Managua, con cuatro hijos mayores de edad y trabajan, su negocio es una pulpería que logro poner hace varios años con ahorros y financiamiento en Afodenic. Sus planes es poder mejorar su casa y seguir apoyando a sus hijos. Con este préstamo es su séptimo ciclo y comprara productos variados para su pulpería como: granos básicos, productos lácteos, carnes, golosinas y otros. Para elevar las ventas y poder tener mejores utilidades. Agradece a la institución por la oportunidad que ha tenido en poder invertir en su negocio.
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.