For the past 30 years, Don Francisco has been engaged in agriculture. Through his hard work, he was able to buy his own land for the purpose of growing crops. He thanks AFODENIC for providing him with his tenth loan, which he will use to purchase fertilizers so that he can produce a better crop. The income he generates at harvest time has enabled him to improve his living conditions. The low interest rates and easy payments have also been a great benefit. Don Francisco is happy to receive the technical assistance that proved to be very helpful in growing his crops.
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