Uriel Antonio M. is 33 years old, lives in the town of Concepcion together with his wife and children. One of them works as a gardener to help with the expenses and his wife works in household maintenance. Uriel has been working as a fruit vendor for the past 15 years and the greatest difficulty he has faced is the lack of financing. His dreams are to have grocery store and to also sell his fruits to improve his family's living conditions. He requests a loan amounting to C@12,000 cordobas, which he will use to expand his business.
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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