Mrs. Lucia has sold baked goods and cosmetic products for three years. She started the business with her own capital, and has continued moving forward little by little. She has had difficult times as a result of the high cost of living, but has not lost hope and continues running her business. Mrs. Lucia will use the loan to purchase raw goods from which she will make her baked goods. She will also use the loan to purchase cosmetic products, and strengthen her business in this way. Lucia is 49 years old and lives in the Laureles North neighborhood. She has three children, ages 18, 24 and 30. Her husband works and has always been sensitive to the family's needs. In the long term, Lucia would like to move her business to a larger location and add a cafeteria, which will increase her profits. With the additional income she will support her 18 year old daughter, as she is the the only one currently living in the house because Lucia's other children are married.
La Sra. Lucia vende repostería y cosmético desde hace tres años. Negocio que puso con capital propio y ha ido sacando adelante poco a poco. Comenta que ha tenido tiempos difíciles debido a la cara que está la vida actualmente, pero no a perdido las esperanzas y ha logrado mantener el negocio. El uso del préstamo es para comprar materia prima para elaborar las reposterías y también invertirá en la compra de cosméticos y así poder fortalecer su negocio. Lucia habita en el barrio Laureles Norte, tiene 49 años de edad, y con tres hijos mayores de edad, de 18, 24 y 30 años, su esposo trabaja y siempre ha estado pendiente de las necesidades de la familia. A largo plazo es establecer su negocio en un local amplio y poner una cafetería ya que eso le generaría mas ingresos, ayudar a su hija de 18 años a salir a delante y a que se prepare ya que es la única que esta a su cargo porque los otros están casados.
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.