María Magdalena is married and a mother to two daughters, aged seven and two years old respectively. María's husband works with her and together they have a business selling puppies. With the income from this, she helps to cover household costs and to pay for her eldest daughter's school fees. When they are able, and have the chance, María and her husband do work to improve their home. With this loan, María will buy some one-and-a-half-month-old puppies to raise and sell. With the income she will raise, she hopes to improve her living conditions.
Maria Magdalena, casada madre de dos niñas que tienen las edades de 7 y 2 años, su esposo trabaja con ella ya que los dos tienen su negocio de venta de cachorros (perros de Raza), con estos ingresos se ayuda con los gastos del hogar y pagar la colegiatura de la niña mayor, y cuando pueden y tienen oportunidad realizan mejoras en su hogar, con este credito doña Maria Magdalena comprara unos perritos de un mes y medio para criarlos y luego venderlos, con esto espera ingresos que mejoren sus codiciones de vida.
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.