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Maria Elizabeth
Maria has her own restaurant business in which she has been investing her efforts and commitment for the general wellbeing of the family.

Several years ago she started out with her father but now she has been working with loans from the institution over the past seven loan cycles. She has invested in acquiring more inventory and it generated higher sales. She purchased utensils to help her prepare her foods.

Her objective is to keep her sales steady, especially because she has many payments. For this reason she tires to continually improve the various recipes to maintain the interest of her clients.

With this new investment from the loan from Afodenic (Kiva Field Partner) she will purchase basic grains, rice, beans, sugar, red meats, chicken, cheese, vegetables, fruits, and tubs of cooking oil. Her goal is to keep increasing client demand and to increase her sales to cover her basic and personal expenses. All of this has been made possible thanks to the financial support.
View original language description ↓
María tiene su propio negocio, un restaurante que ha vendió esforzándose con empeño para el bienestar comun de la familia.
Desde hace varios años comenzo con ayuda de sus padre lo que ha venido trabajando ahora con financiamiento que la institución ha dado, en siete ciclos, en donde ha invertido en mas inventario, generándole ventas más alta, como compra de utensilio para preparación de los mismos alimentos.
Su objetivo es mantener equilibradas sus ventas, ya que son muchos los compromisos de pagos, para eso, mejora cada día diversos platillos de comida para mantener la captación de clientes.
Con esta nueva inversión del préstamo en Afodenic, hará compra de granos básicos, en arroz, frijoles, azúcar, carne roja, pollo, queso, verduras, frutas, bidones de aceite, con el fin de poder seguir mejorando la demanda de los clientes, a si como poder vender más para poder, pagar sus gastos básicos, como personales. Todo esto con el apoyo financiero de los financiamientos se ha hecho posible.

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
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Maria Elizabeth to invest in the purchase of basic grains, meats, chicken, dairy products, vegetables, and fruits to keep preparing her delicious recipes.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2011
Listed
Jun 3, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 18, 2013