Five years ago, through her hard work and assistance from her husband, Lorenza was able to establish her small grocery store. However, increases in prices have prevented her from growing her business. Thanks to the approval of her loan, she will be able to better diversify her products so that she can generate better earnings. Lorenza plans to buy basic grains, candy, dairy products, cosmetics, and other items.
In the future, she would like to purchase construction materials to build a structure to contain her small business that is separate from her house.
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