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Maria De Los Angeles
Maria has been a merchant for 6 years. Her greatest difficulty she has is the rising prices of the products; in some cases she has had to take a loss on them. Her future plans are to have her own place to sell fruits and vegetables because renting is reducing her income and she has three children to feed, educate, and take care of. She is grateful for the confidence that Afodenic has given her through the Kiva funds to increase her inventory and to grow as a merchant.
View original language description ↓
La señora Maria, es una pequeña comerciante, desde hace seis años, la mayor dificultad que se le presenta son las alzas de los productos ; en algunos casos hasta llegar a la pérdida del mismo , los planes futuros es poder tener su propio tramo de frutas y verduras ya que el estar alquilando le merma las ganancias y tiene tres hijos a su cargo que alimentar , darles estudios y velar por ellos , agradece la confianza que le brinda Afodenic atrávez de los fondo Kiva para ampliar su inventario y crecer como comerciante .

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Maria De Los Angeles to buy fruits and vegetables.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 13, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012