Update on Luz LourdesLuz is a woman who like a lot of people in Nicaragua own pulperias (small grocery stores). She sells basic daily use items. She is a single mother who right now has her young son in her care. He is studying to prepare for life.
Luz continues to operate her small business in order to pay the household expenses. She is requesting a loan to invest in more products as her inventory is low. This investment would be useful as she can take advantage of the sales in the last two months of the year, which are normally very good.
Previous Loan DetailsLuz and her husband work from sunrise to sunset every day. He is a welder. She runs her small grocery, offering a variety of items like clothing, cosmetics, jewelry, and perishables to earn extra income to pay the ever-increasing expenses to support their three children. As with previous loans, s... More from Luz Lourdes's previous loan »
About AFODENICThis 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.
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