Luis Carlos is a 22-year-old young man. His life partner is a housewife and they have a three-month-old daughter. They live in his mother’s house. He pays for the household expenses with his earnings from his job with a private company. He supplements this income by selling cellular phones. He needs this loan in order to buy more cellular phones. This will increase his earnings and will help him provide for his family.
Luis Carlos un joven de 22 años de edad, su compañera de vida es ama de casa tienen una hija de apenas 3 meses de nacida, vive en casa de su mama y el aporta para los gastos de la casa con su trabajo en una empresa privada y también para apoyarse un poco mas con sus gastos vende celulares por lo que necesita el crédito para invertir en mas celulares, con esta inversión espera aumentar sus ingresos para darle a su familia lo necesario.
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.