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Melania
Ms. Melania C. is a 44-year-old woman who lives in a neighborhood called Edgar Mungia, in the capital city of Managua. She is marred, and her husband is a pastor, so they both work to develop their business. She has two daughters, ages 15 and 17, who are currently studying. They, too, help out with their parents’ business because it is their source of income. Ms. C. has been making homemade bread for two years. She has plenty of experience in business because she used to sell clothing, cosmetics and silver jewelry by catalog. This is her fifth loan request with Afodenic, which has greatly benefited her in helping her maintain her business. She will invest this loan in the materials needed to further develop her capital and yield a greater variety of bread. Her long-term goal is to make her bakery a prestigious one and distribute her assorted breads throughout the entire country.
View original language description ↓
La Sra. Melania tiene 44 años de edad, habita en un barrio que se llama Edgar Mungia, en la capital de Managua, es casada, su esposo es pacificador lo cual entre ambos trabajan para desarrollar su negocio, tiene dos hijas de
15 y 17 años de edad, que están cursando sus estudios, ellas también apoyan en el negocio de sus padres ya que es su fuente de ingresos, doña Melania lleva dos años en la elaboración de pan lo cual esta actividad se hace en la habitación de su casa, tiene mucha experiencia en el negocio ya que anteriormente vendía ropa, cosméticos y prendas de plata que ha la vez lo hace por encargo. Pues esta es su quinta solicitud en afodenic lo cual ha sido de mucho beneficios, por que ha podido mantener su negocio, con este préstamo va invertir en materia prima para desarrollar mejor su capital y sacar mas producción de pan en variedad. A largo plazo es poder ser una panadería de prestigio y distribuir sus productos de variedad, por todo el territorio.











Additional Information

About AFODENIC

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.

About Nicaragua

  • $3,636
    Average annual income
  • 154
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Melania purchase ingredients to increase bread production.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2008
Listed
Dec 1, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009