With the loans she has received previously, she has been able to invest more in merchandise, which has been good for growing her inventory and achieving more sales.
She wants to build a room with this loan, as their house is small and she wants her children to be in better conditions. To start construction, she will buy construction materials like: stone, sand, cement, ceiling beams, and corrugated metal sheets.
Su negocio es una pulpería que puso hace tres años, con ahorros que su compañero dio. Lo que ha venido a mejorar los ingresos y pagar los gatos básicos de agua y luz.
Atreves del financiamiento ha logrado invertir más en productos lo que ha sido de beneficio para crecer en inventario y lograr mejores ventas.
Con este préstamo quiere hacer un cuarto ya que la casa es pequeña y quiere que sus hijos estén en mejores condiciones. Comprara materiales de construcción como: piedra, arena, cemento, perlines, zinc para comenzar hacer a construir.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid