Her sewing business is starting to pick up again because of the Christmas season and also many mothers want to buy dress clothes for their children’s school promotion ceremonies. With his loan, Doña Migdalia will buy fabric, lace, and thread for making clothes. In addition, she will buy sugar, cinnamon, and plenty of milk for making caramel syrup that she can sell every day. She is happy to have the support of the Institution behind her small business.
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