Mercedes Del Socorro
She’s had this business for three years and it’s been growing thanks to the five loan cycles that Afodenic has provided. This has allowed her to invest into her business as well as into her home.
She will use the money from this loan to buy building materials in order to add a bathroom and improve the sanitary conditions in her home. She is happy to able to provide a better roof over her family’s head.
Negocio con tres años en las ventas, y que ha ido incrementando gracias a los ocho ciclos de préstamo que Afodenic ha dado mediante el financiamiento. En donde ha invertido en su negocio como en la infraestructura de su casa.
Con este nuevo préstamo invertirá en materiales de construcción para hacer un baño y estar en mejores condiciones de higiene.
Contenta por lograr el objetivo de poder dar a su familia un mejor techo.
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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