Claudia has for ten years sold clothes and cosmetics for credit and cash. Two years ago she went to Costa Rica to work in the banana plantations, selling off her merchandise. The sale went well at first, but the customers began to ask for credit and she trusted them too much. Often, they didn't pay her. This is why her general store reached the brink of bankruptcy and she had to stop selling.
Now, with this 6th loan she wishes to invest in clothes, cosmetics, perfume and other items which will help her recuperate capital, gain customers, and help her beautiful children in their education, so that they may have a better future.
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