With this loan, Xiomara will purchase school clothes including skirts, pants, shirts, socks, and shoes. She will also acquire a cooking grill for preparing pupusas. She already has one, but another one is needed so that she can keep up with customer demand. Xiomara currently sells her products at the park in the Máximo Jerez division. Her pupusas sell very well because of the rich flavor and their prices are cheaper than those sold in the capital city of Managua. She also sells cosmetics at the same location. In the future, she want to equip a location in her home with display cases so that she can exhibit her products.
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