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Olga Argentina
Olga Argentina S. H., 47, is married and has three children; they live in Reparto Juan Ramón Padilla. Her husband is a bricklayer and her three children are independent, married adults. She has had a small eatery for 6 years; her husband provided the initial financial help to install it.

A significant percentage of her customers owe her money because they consume their meals on credit and she does not, therefore, have enough cash flow. She wants to acquire a food stand in the center of town in order to have more customers. She is asking for funding to buy groceries and utensils for her business that will make it possible for her to increase sales.

She enjoys good relationships in her neighborhood and she is considered to be a hard-working, responsible woman who has managed, though her family’s efforts, to improve her living conditions; they hope this loan will help improve them still more.
View original language description ↓
La señora Olga Argentina S. H., es casada y con su familia de tres hijos, habitan en el Reparto Juan Ramón Padilla, ella tiene 47 años y su esposo se dedica a la albañilería, sus tres hijos son mayores de edad, casados e independientes, ella tiene un pequeño negocio de venta de comida, desde hace 6 años y fue con el apoyo de su esposo, quien económicamente le instalo el pequeño comedor.

Un porcentaje significativo de su clientela, le ha quedado debiendo unas cuentas, por que al crédito cancelaban su consumo, y no le permitían ver la fluidez del dinero, ahora ella espera conseguir un puesto en el centro de municipio, para captar un mayor número de consumidores, ella por ahora solicita un préstamo para la compra de abarrotes, y utensilios para su negocio, que le permitan un aumento en las ventas. En su vecindario goza de buenas relaciones que la respetan y la tildan de una mujer luchadora y responsable, que con el esfuerzo de su familia, ha logrado mejorar sus condiciones económicas y esperan que con este préstamo mejore aun mas sus condiciones de vida.

Additional Information

About AFODENIC

This 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.

About Nicaragua

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 21.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Olga Argentina to buy groceries and kitchen utensils.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
May 19, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2011