Thanks to loans provided through AFODENIC, he has been able to maintain his inventory, although in recent months his sales have been low. Since he must start selling very early if he wants to succeed, he has to buy his own lunch.
With this loan for Christmas season Marcos wants to buy billfolds, calculators, caps, and watches for ladies and gentlemen, as well as a variety of glasses, to attract customers, increase sales and satisfy the needs of his wife and his 2 children, who depend on his source of work.
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