Laura is a young, 38 year old, single mother. She is only trying to get ahead with her two children who attend the public high school. Soon she will have to be better prepared because one of them is about to begin university and her dream is to see them become professionals. Laura sells cleaning chemicals for the home. Many times she comes up short of chemicals due to lack of financial resources, most of which she uses to pay household expenses and to pay school expenses. She wants to try working with a loan, so she is asking for a loan to buy more products so she can continue making sales. This is her only source of income.
Laura, es una joven madre soltera de 38 años de edad, sola está intentando salir adelante con sus dos hijos quienes ya están grandes y estudian en un colegio público y muy pronto se tiene que preparar mas porque uno de ellos está por ingresar a la universidad y su sueño es verlos todos unos profesionales. Laura se dedica a la venta productos químicos de limpieza para el hogar, muchas veces carece de productos para vender por falta de recursos los cuales en su mayoría los destina para gastos del hogar pagos de colegios entre otros, por esta razón ella desea experimentar trabajar con crédito el cual solicita para invertir en más productos químicos para continuar vendiendo, siendo este su único medio de ingresos.
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.