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Inés
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Ines R. is a single mother of 3 kids, 2 of whom work and support her financially, while the youngest is studying in primary school. She is 46 years old and lives in the neighborhood Villa Venezuela where she has a small grocery store in her house. She has had this business for 16 years and this means she has a lot of clients, all neighbors of hers form where she lives. The demand from her clients grows each day, and this is why she sees the need to invest in her business and to stock it with the necessary products. The loan she has asked for is to buy dairy products and bread as these are everyday products that she sells most of. Her plan is to keep working so she can support her son in his studies and to make him a professional in society.

Translated from Spanish by Liz Harvey, Kiva Volunteer



Inés R. es madre soltera de 3 hijos, de los cuales 2 están trabajando y la apoyan económicamente, el menor de ello está estudiando la educación primaria. Tiene 46 años, habita en el barrio Villa Venezuela, donde tiene una pequeña pulpería en su casa de habitación. Tiene 16 años de tener este negocio, lo cual le ha permitido hacerse de una cantidad considerable de clientes, todos ellos vecinos de la zona donde habita. La demanda de productos de sus vecinos crece día a día, es por eso que ella se ha visto en la necesidad de invertir en su negocio para abastecerlo de los productos necesarios. El préstamo solicitado es para compra de productos lácteos y de panadería ya que por ser de consumo diario necesita tener mayor inventario de éstos. Sus planes son contar siempre trabajo para seguir apoyando a su hijo en los estudios y formar un profesional para la sociedad

Additional Information

About AFODENIC

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.

About Nicaragua

  • $3,636
    Average annual income
  • 113
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • 19.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Inés to buy dairy products and bread/Compra de productos lácteos y panadería.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 12, 2008
Listed
Aug 21, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009