Veronica is the single mother of two children. She’s been working in the recycling business for 14 years. She began by collecting discards on the streets of Managua with her children who work and attend school. Now she sells to large companies and thanks to her savings she was able to build a humble home. She is asking for her first loan to buy plastics, cardboard, papers, wires, appliances, and other things to maintain her business and pay the household expenses.
La señora verónica es madre soltera de dos hijos, ella tiene 14 años trabajando con el negocio de reciclaje de la basura, labor que empezó recogiendo chatarras en las calles de Managua en conjunto con sus hijos quienes trabajan y estudian, hoy en día ella vende por mayor a las empresas, gracias a sus ahorros ha podido construir su humilde vivienda. Solicita este primer crédito para invertirlos en plásticos, cartones, papeles, alambres electrodomésticos entre otros, de esta manera mantener su negocio y los gastos del hogar.
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.