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Elsa Maria
Elsa is a businesswoman, and she has a store in her house. Upon receiving the loan from Afodenic she has been working in her store with more capital. She has support from her children and her husband. He sells scrap metal.

Elsa’s objective is to invest more in personal hygiene products and basic grains and to continue to get better earnings. That way she will meet her payment obligations like basic and personal expenses.

With this new loan she will buy a “quintal” (about 100 pounds) of sugar, a quintal of corn, a drum of oil, dairy products, coca cola products, sweets, medicinal products like acetaminophen, ibuprofen, digestive aids, unguents for colds, and creams to heal and relieve muscular problems, among other products that are in much demand.
View original language description ↓
Elsa es comerciante, tiene una pulperia en su casa, en donde ha venido trabajando con mas capital, al obtener prestamo en Afodenic. Lo que comenzo con pocos productos e iniciativa propia.
Cuenta con el apoyo de sus hijos y esposo, quien se dedica al comercio de venta de chatarra. Doña Elsa como objetivo es invertir en mas, productos de aseo personal, granos basicos y seguir logrando mejores ganancias, y asi pagar sus compromiso de pago, como gastos basicos y personales.
Con este nuevo prestamo comprara: quintal de arroz, frijoles, azucar, maiz,vidon de aceite, productos lacteos, productos de coca cola, golosinas, productos medicinales en panadol, dolofin, higado sanil, zepol vipaporruc, cofal fuerte entre otros que son productos que tienen mucha demanda.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Elsa Maria to buy basic products and other products that sell the most to continue selling to her customers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2011
Listed
Aug 3, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012