Gloria is 44 years old and she has lived in region 380 in the capital city of Managua since her youth. He has a 10 year old son who is attending school, and her husband is an electrician. Gloria started her business 6 years ago selling fashion jewelry, and currenty she has a small convenience store were she sells basic needs items, soft drinks, and other products. With this loan she will purchase clothing, shoes and cosmetics to offer her clients. New products will translate into better earnings. In the long term she plans to increase her sales and remodel the store where she carries out her business, to give better service and attract new clients.
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