Antonia is 59 years old. She is single and lives in a low-income neighbourhood where the houses are very poor.
She makes a living selling cosmetics by catalogue. Every day she goes out to find clients. Somedays she has more success than others.
She is applying for her first loan to invest in her small business by buying more products of which she has few remaining. She will buy men's and women's perfumes, nail polish, lipstick, pressed powder, and other items which will enable her to cover her primary needs and expenses.
Antonia tiene 59 años de edad, es soltera, habita en un barrio cuyos habitantes son de escasos recursos económicos y las casas son muy pobres. Ella se gana la vida vendiendo cosméticos por catálogo, todos los días sale a buscar clientela, algunas veces le va bien y otras mal. Solicita este primer crédito para invertir en su pequeño negocio con mas productos los cuales le queda muy poco, comprará perfume para damas y caballeros, pintura de uña, de labios, polvo compacto, entre otros, que le permitan cubrir sus necesidades y principales gastos.
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.