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Olivia Del Carmen
Olivia is a trader and she has two children. Many years ago she succeeded in opening a corner shop where she sells a variety of products.
Thanks to her husband and her children’s support, she has improved her selling service, and now, thanks to the loans obtained from this institution, she has sped up the growth pace of her activity, as when she started the amount of product she sold was small, but this has improved with Afodenic’s support.
Since what she mostly desires is to keep her sales at balance, she uses her loans to invest, and with this one she will buy 5 quintals (1 quintal = 46 kg) of rice, 3 quintals of beans, sugar, maize, oil drums, dairy products, meat, chicken and a variety of other products, in order to succeeded in increasing her sales, thus improving her incomes and being able to pay for basic expenses and to cover her personal necessities.
View original language description ↓
Olivia es una mujer madre de dos hijos, comerciante, desde hace varios años, logro poner una pulpería en donde vende variedad de productos,
Gracias al apoyo de su esposo e hijos ha mejorado el servicio en sus ventas y ahora con los financiamientos, de la institución ha mejorado el nivel de crecimiento.
Ya que cuando inicio lo hizo con poca mercadería, la que ha venido a mejorar con el apoyo de Afodenic.
Con sus préstamos aumenta la inversión, ya que lo que más desea es mantener en equilibrio sus ventas.
Es por eso comprara: cinco quintales de arroz, tres quintales de frijoles, azúcar, maíz, bidones de aceite, productos lácteos, carne, pollo. Y otras variedades de productos logrando aumentar las ventas. Y así mejorar sus ganancias para pagar los gastos básicos y cubrir las necesidades personales.

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

  • $3,636
    Average annual income
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $23,830,025
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Olivia Del Carmen to buy a variety of products to increase her sales.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2010
Listed
Aug 7, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011