Juan is a craftsman who spends his time making display cabinets. He has experienced health problems, but he still has plans to establish a vending post at the market. Juan started his business with his own funds and has plans to move forward. This loan will be invested in raw materials such as sheets of glass, silicon, and other supplies. He hopes to generate better profits so that he can invest in improvements to the infrastructure of his business.
Juan is grateful for the financial support that has aided in the socio-economic development of his family.
About AFODENICThis 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.
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Success!! The loan was 100% repaid