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Meuling Elizabeth
Meuling, 31, is married and works for a firm. She also has her own business selling new and used clothes, a business she runs from home. She’s asking AFODENIC for her first loan to buy products for her small business because she has orders from other merchants that go to various neighborhoods in town to sell these items so she needs to better consolidate her inventory to meet customer demand. Her husband supports her efforts and contributes toward household expenses; he also owns an auto repair shop. Her greatest dream is to increase the inventory in her business so that in the future she can dedicate herself just to it and not work for other institutions.
View original language description ↓
Meuling de 31 años de edad es casada, tiene una trabajo donde devenga un salario, ademas cuenta con su propio negocio de venta de ropa usada y nueva, negocio el cual maneja en su propia casa. Solicita su 1er crédito a la institución de AFODENIC para realizar compra de productos de su pequeño negocio, pues como tiene demanda de otras comerciantes que viajan a las diferentes colonias del municipio a vender estos articulos necesita consolidar mas su inventario para satisfacer la demanda de sus clientes que la visitan. cuenta con el apoyo de su marido que aporta en los gastos del hogar, y que ademas es dueño de un taller de mecanica. Su mayor sueño es aumentar el inventario de su negocio para en el futuro poder dedicarse a el y no trabajar a otras instituciones.

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
  • 144
    View loans »
    Nicaragua Loans Fundraising
  • $24,084,875
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Meuling Elizabeth to buy clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2011
Listed
Oct 17, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012