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Maria De Los Santos
María set up her small business, with more than 15 years experience of working in sales. Over time, she has changed the products that she sells and made other improvements for the common good of her family. She currently owns a grocery store and a tortilla business.

María has the moral and financial support of her husband and children who help her in making her sales. Through loans from Afodenic, she has managed to increase her inventory which has resulted in better sales as she now offers a variety of products.

María would like to invest in buying three 100lb bags of corn, coal, paper bags and a glass display case to display more of her products. She has been buying products and keeping her sales merchandise in better, more hygienic conditions. This loan will be very helpful to María.
View original language description ↓
Doña María estableció su pequeño negocio, con más de quince años en las ventas, el cual ha venido cambiando de productos y obtener otras mejoras para el bien comun de la familia, hoy en día tiene una pulpería y la venta de tortilla.
Teniendo el apoyo moral y económico de su esposo e hijos quienes le ayudan en la venta, también atreves del financiamiento en Afodenic ha logrado el aumento de inventario, lo que ha tenido mejores ventas al ofertar variedad de productos.
Lo que quiere invertir es en compra de tres quintales de maíz, carbón, bolsones de papel, y la compra de una vitrina de vidrio para exhibir mas sus productos, ya que ha venido comprando, teniendo en mejores higiene sus ventas. Siendo para ella de gran provecho esta alternativa del préstamo.

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
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,080,875
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Maria De Los Santos to buy corn and coal to increase her tortilla sales. She will also buy a display case for displaying more products.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2011
Listed
Jun 16, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012