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Martha Georgina
Martha R. is 37 years old, she lives on the outskirts of Managua. She married young and has a 14 year old son, who is in school. She started a small mobile business selling fruits and vegetables, and with her husband's help, she was able to set up a small shop, which she has been running for 3 years. She also sells firewood, which her husband cuts down on their land. He is a farmer and rents land to cultivate. He grows beans and tomatoes and with this he supports and helps his family with their needs. Because of a lack of capital, they have not been able to increase their inventory. This loan will be used to purchase the basic goods customers purchase day to day, including rice, beans, oil, soap, cheese, cream, chicken, cleaning products, and the sale of firewood, in order to generate more sales and increase their savings, so they can improve their home. Martha thanks AFODENIC for the opportunity to improve her business.
View original language description ↓
La señora Martha R. de 37 años de edad, vive en un barrio marginal de Managua, se caso joven y procreo un hijo de 14 años de edad, el cual lo tiene estudiando la primaria, inicio un pequeño negocio de venta de frutas y verduras ambulante, y con ayuda de su esposo logro poner una mini pulpería el cual administra desde hace tres años, también vende leña el cual su esposo la corta de sus tierra ya que es agricultor y alquila tierra para sembrar. El cultiva frijoles y tomate y con eso se defiende y ayuda a su familia en las necesidades personales. Por falta de capital no han logrado aumentar el inventario es por eso con este préstamo compraran lo básico que el cliente compra día a día para su alimentación como: arroz, frijoles, aceite, jabón, ace, queso, crema, pollo, productos de limpieza, y la venta de leña, para incrementar las ventas y poder tener un ahorro para mejorar las condiciones de su vivienda. Da las gracias Afodenic por la oportunidad de poder mejorar su negocio.

Additional Information

About AFODENIC

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.

About Nicaragua

  • $3,636
    Average annual income
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Martha Georgina purchase grains, dairy products, meats and cleaning products.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2009
Listed
Nov 10, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010