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Maria Elizabeth
Maria is a very hard-working and enterprising woman. Thanks to her parents’ support, she succeeded in graduating in hotel management, which is proving itself to be very helpful to administer her own business, a small restaurant she opened a few years ago aiming to boost her selling and so succeeding in sustaining her children. She even invested in a small general store, but the business didn’t go much far because of the low selling that did not produced the expected gains. For this she decided to invest more in the selling of meals.

She will use the loan she is requesting to buy meat, chicken, dairy products, vegetables, fruit for her fruit juices, bread and other products in order to prepare a good number of sandwiches for an upcoming national police celebration: she has been asked to be in charge of the event and to be responsible for the preparation of meals and beverages, but she does not wish to use part of the monthly amount she puts aside to buy groceries for the restaurant because she is already facing problems there every day. Investing in this event will mean good money, and this will help her cover her expenses.
View original language description ↓
Doña Maria es una mujer trabajadora y muy esforzada, gracias al apoyo de sus padres logro recibirse en administración hotelera lo que ahora le es de gran ayuda para administrar su propio negocio un pequeño restaurante el cual comenzó hace varios años, con el objetivo de crecer en ventas y lograr poder apoyar a sus hijos. También invirtió en una pequeña pulpería que por estar las ventas bajas no trascendió, ya que no le genero ganancias debidas. Lo que decide invertir más en la comida.

Con este financiamiento quiere invertir en comprar carnes, pollo, lácteos, verduras, frutas para hacer jugo, pan y otros para poder hacer muchos bocadillos para una celebración de la policía nacional, el cual estará encargada del evento en donde preparara la comida y bebida, y no desea tomar de las compras de alimentos del mes del restaurante ya que cuenta cada día con un rol. Con la inversión de este evento serán buenas las ganancias lo que hará posible cubrir sus gastos.

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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,731,150
    Funds lent in using Kiva
  • 21.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Maria Elizabeth to buy groceries to prepare food for an upcoming event.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2010
Listed
Jun 2, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010