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Olga Cristina
Doña Olga runs a second hand clothing shop and sells Avon cosmetics, a new area of sales that helps her cover household expenses. Her husband works as a laborer, and they are raising two children, supporting their education and household well-being. Olga will use this credit to buy varied items such as clothing and Avon products. She plans to fulfill client requests, and will work to grow her sales business. When he's not working, her husband will help her with sales. This loan was made possible through financing by Afodenic.
View original language description ↓
Doña Olga, mantiene su negocio en venta de ropa de segunda mano, venta de cosmeticos Avon, el cual ha introducido como producto nuevo, para ayudarse mas con los gastos, su esposo labora como albañil, apoyando a sus dos hijos, con la educacion, y moral, para un bienestar comun de la familia.
Olga, comprara dos pacas surtida y productos Avon, el cual trabaja por catalogo y pedidos de sus nuevos clientes, matiene productos por que quiere crecer, para fortalecer su negocio, ya que cuando su esposo no labora en la construccion, todos se apoyan. Y que tambien se ha hecho posible esta inversion a los financiamiento con Afodenic.

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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Olga Cristina to buy used clothing and Avon products.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2011
Listed
Oct 17, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012