Mario lives in the Georgina Andrade neighborhood, a place where inhabitants have very few resources. He and his wife are looking for ways to get ahead and provide their children, who are 10 and 12 years old, the opportunity to study.
Mario works selling mirrors and decorative picture frames, which are seen commonly in Nicaraguan homes. He buys them already manufactured and he resells them. He requests the support of a loan so that he may invest in his business, since this is his only means of income to provide sustenance for his family.
Mario, es habitante del barrio Georgina Andrade, una zona donde los habitantes son de muy escasos recursos, junto a su esposa busca como salir adelante y brindarles los estudios a sus hijos quienes tienen las edades de 10 y 12 años. Mario se dedica a la venta de espejos y cuadros decorados, los cuales es muy usual verlos a menudo en las casas Nicaragüenses, los compra ya elaborados y los vende. El solicita el apoyo de crédito para poder invertir en su negocio, ya que este es el único medio de ingresos para el sustento de la familia.
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.