Olinda is the mother of two children, the oldest being 16 years of age. Both attend school and she sells used tarps for trucks and to advertising companies. She buys her products in Managua. Olinda is asking for this loan to stock up on leather to make the tarps and supplies such as glue, special staples, and rope.
La señora Olinda es madre de dos hijos siendo el mayor de 16 años, ambos son estudiantes, los mantiene con su actividad comercial de la venta de carpas usadas a camiones y a empresas de publicidad, compra sus productos en uno de los mercados de Managua. Olinda solicita el crédito para abastecerse de cuero usado para hacer las carpas y materia prima como pega, grapa especial y mecate.
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.