Carlos is 58 years old and he lives in a neighbourhood within the capital city of Managua called Riguero. His wife has given him two children, aged 21 and 25 years of age, and they are both working. Carlos sells clothing and plastic products and he has been doing so for the past 5 years. He started out when he was layed off from the work he had before. With the loan he is requesting he will invest in the purchase of clothing for ladies and gentlemen, especially because he has many orders already placed. He wants to take advantage of the clientele that comes with the season. In the future he hopes to set up a tailoring shop and increase his sales.
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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Success!! The loan was 100% repaid