His three children attend school and his wife helps with the business. Today with this new loan, he needs to expand and finish the space where the cybercafé will be located. Providing more space for his business will create better conditions for his family and the common good of everyone. With this loan, Eufemio will be able to make improvements. He will then use the savings from his income to close off the annex. In the end, he will improve the condition of his home and provide better service to his customers.
Sus tres hijos cursan el año escolar, y su esposa lo apoya en el negocio. Hoy con este nuevo prestamo necesita ampliar y terminar el local, donde pondra el cyber, logrando tener mas espacio en la sala ya que no ha mejorado las condiciones, privando a su familia, pero siendo para el bien comun de todo. Podra con este prestamo hacer la mejora y cerrar un anexo que avenido haciendo con ahorro de las ganacias. Mejorando las condicion de vivienda y dando un mejor servicio a su clientela.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid