Mrs Ruth Belina is 47 years old and lives in the Laureles Norte neighborhood. She is married and her husband works as a haulage contractor. They have 7 children. 5 are grown up and work and the others are financially dependent on their parents. Mrs L. has a small eatery where she sells traditional food and rents a room. She used to sell clothes but she realized that food made better profits. Her family lives in a humble dwelling and, with the increasing demand from her customers, she would like to make an investment which will enable her to construct a perimeter wall that will make her family safer, improve her service to her customers and in the future obtain the necessary financial resources to start new markets or sources of income which would guarantee better living conditions. This is not the first loan that she has had with Afodenic. With the support which they have given her, with she has slowly shown better working capital which allows her to invest even more in her business.
La señora Ruth Belina, tiene la edad de 47 años, habita en el Barrio de los Laureles Norte, es casado y su esposo labora como transportista, ellos tiene 7 hijos de los cuales 5 de ellos son mayores de edad y trabajan y los demás dependen económicamente de sus padres, la señora L. tiene un pequeño comedor en donde vende comida típica, y alquila un cuarto, antes se dedicaba a vender ropa, pero después observo que la comida se le ganaba más ingresos, ellos habitan en una humilde vivienda, y con el alza de la demanda de sus clientes, desea realizar una inversión que le permita la construcción de un muro perimetral, que le brinde mayor seguridad a su familia, mejores condiciones de atención al cliente, y a futuro la obtención de los recursos económicos para la solvencia a nuevos mercados o fuentes de ingreso, que garanticen una mejor calidad de vida. Este no es el primer prestamo de la señora con Afodenic, tras el apoyo que se le ha brindado, paulatinamente han mostrado un mejor capitald e trabajo que le permite invertir aun mas en su negocio.
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 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.