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Olimpia
Olimpia set up a grocery store in her home several years ago and she sells products from her home. With the help of AFODENIC, her sales levels have risen and she now sells a wider variety of merchandise.

Olimpia is happy because she has managed to achieve some balance and support her family through her investments as, when she started out, she only sold tortillas. She has improved her business through twelve loan cycles.

Olimpia will use this new loan to buy canned goods, juice, soda, fruit, vegetables, personal care products etc. which will help her to improve her sales levels.
View original language description ↓
Olimpia vende en su casa de habitación, desde hace varios años ya que logro poner una pulpería en donde hoy en día, con AFODENIC sus niveles de venta aumentaron al ofrecer más variedad en sus mercaderías.
Contenta ya que ha logrado el equilibrio y el apoyo a su familia, mediante la inversión, ya que cuando inicio lo hizo con venta de tortillas. Lo que mejoro mediante doce ciclos de financiamientos. Con este nuevo préstamo hará nuevas compras en productos enlatados, jugos, gaseosas, frutas, verduras, productos personales de limpieza entre otros productos que ayude a mejorar sus niveles de ventas

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 22.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Olimpia to invest in canned goods, juice, soda, vegetables and other products.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 18, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012