Francisco is a cobbler by profession. He manufactures new men’s shoes in a variety of styles. He’s been in business for more than 18 years. He started out with very little merchandise that he’s gradually increased thanks to Afodenic financing. He’s been in four cycles and used all of them to invest in raw materials.
His wife is selling tortillas which helps him with the expenses of his three children. Francisco hopes to use this new loan to buy 120 feet of leather, 48 pairs of soles, 6 yards of patent leather, 18 pairs of sandal soles, a gallon of white glue, a gallon of yellow glue, 4 dozen shoe laces; all of this to increase production.
Don Francisco de profesion zapatero, el cual elabora zapatos nuevos y de variedad de estilo de varon, con mas de diechiocho años. El cual comenzo con poca mercaderia, y que ha venido creciendo con financiamiento que Afodenic ha dado en cuatro ciclos todos invertidos en materia prima.
Su esposa esta vendiendo tortillas, el cual, ayuda con los gastos de sus tres hijos. Don Francisco espera invertir con este nuevo prestamo en la compra de ciento veinte pie de cuero, 48 pares de zuelas,, 6 yardas de charol, 18 pares de zuela de sandalias, un galon de pega blanca, un galon de pega amarrilla, 4 docenas de cordones. Todo esto para elevar su produccion.
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.