Mrs. Rosa Argentina C. is 48 years old and her business is in baked goods, producing the famous rosquillas (donuts which are the specialty baked good in Nicaragua). She’s been baking them since her youth, as this was how her mother earned her living. She has had several loans with Afodenic which she’s invested in prime materials for home improvements. She lives in Sabana Grande and her goal is to continue to improve her home. With this loan she will repair the oven in which she bakes her rosquillas, which she delivers to her clients.
La señora Rosa Argentina C. de 48 años de edad, su negocio es la elaboración de cosa de horno, las famosas rosquillas que desde joven hace ya que era como se ganaba la vida su mama, y ahí aprendió ya que ayudaba a preparar las ricas rosquillas, ella lleva varios ciclos en Afodenic el cual ha invertido en materia prima como en mejora a su vivienda, vive en Sabana Grande, como objetivo es mejorar su vivienda, con este crédito reparara el horno en donde prepara los hornados ya que tiene que darle mantenimiento ya que día por medio horna. El cual entrega a sus clientes como la venta ambulantes de las rosquilla.
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.