For this reason, he has requested a loan to purchase linens and new utensils to help him provide better service. He will also buy basic grains, rice, sugar, beans, meat, chicken, vegetables, and fruits for preparing the various dishes that his diner previously offered. Don Manuel hopes to recapture his customers and recover quickly. He is 51 years old and always plans to support his children, even though all five of them are already married. Likewise, he plans to make improvements to his home, such as painting the walls to provide his family with a different atmosphere. He thanks AFODENIC for making it possible to invest in his 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