José is 48 years old and lives in the Georgino Andrade barrio of Managua. He is married and has only one son, who is attending university. José earns a living making framed mirrors and decorative frames. He sells them in the streets and out of his home and is looking to grow and move forward with his business. José is applying for a loan in order to buy basic supplies to continue with his daily work. He will buy resin and wood for mirrors, and other items. With the income he will earn, José will be able to buy his various household bills.
Don José, es un señor de 48 años, habita en el barrio Georgino Andrade de Managua, es casado tiene solamente un hijo quien va a la universidad, don José se dedica a la elaboración de espejos enmarcados y cuadros decorativos, los que vende de manera ambulante y en su casa de habitación, el busca como crecer y salir adelante con su obra. El crédito lo solicita para comprar materia prima para continuar su labor diaria, comprara varilla de resina, marcos de madera para espejos, entre otros, con estos ingresos podrá cumplir con los diferentes pagos básicos del hogar.
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.