He is requesting his first loan from AFODENIC so that he can invest in the little grocery store he established inside of his home. Don Pedro started this business with his own money and a small quantity of products. He has a 25 year old son who helps him manage the business. Don Pedro’s goal is to increase his inventory so that he can earn enough money to support himself and his son. He is known for being a hardworking gentleman who is responsible in all of his commitments. His greatest dream is to grow his business so that he can meet the needs of his customers and generate more revenue.
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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