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Gloria Elena
Gloria is a single mother and has children who are in school. Her priority is to prepare her children to become professionals. She has her own business selling household products and it has been in operation for some time. Gloria started out by selling in small quantities and utilizing microloans. She plans to increase her sales by expanding her business.


This loan will be invested in her business by purchasing merchandise and offering her customers a wider variety of products that are of higher quality.

View original language description ↓
Gloria madre soltera, sus hijos los tiene estudiando, prioridad que sus hijos se preparen profesionalmente, mujer emprendedora, tiene su propio negocio venta de variedad de productos para el hogar desde hace un tiempo iniciando con pequeñas cantidades y de fondos de micro créditos. Proyecto incrementar sus venta expandir su negocio. El préstamo será invertido en el negocio para la compra de mercadería y ofrecerle a sus clientes mayores variedad, mayor calidad en un mismo lugar.

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Gloria Elena to purchase merchandise.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2011
Listed
Jun 26, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012