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Maria Elsa
María is a small merchant. She has her own mirror manufacturing and oil paintings framing business. She’s been in this line of work for over 8 years for the benefit of her four children.

Through Afodenic she enlarged her business making more items that have increased her sales and brought more customers. With this new loan she will be able to make ten lion’s paw style mirrors as well as assorted picture frames.
View original language description ↓
María es una pequeña comerciante, con su propio negocio de elaboración de espejo y cuadro de pinturas de oleo. Pues lleva más de ocho años trabajando en este negocio para el bienestar de económico de sus cuatro hijos.
Es atreves de Afodenic que aumento su negocio al elaborar más productos lo que han aumentado sus ventas. Así como la captación de clientes. Hoy con este nuevo préstamo podrá elaborar diez juegos de espejo estilo pata de león, así como marcos variados para la elaboración de cuadros.

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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 22.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Maria Elsa to buy raw materials to make ten mirrors.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2011
Listed
May 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012