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Rosa Maria
Doña Rosa is 42-years-old and lives in a neighborhood called Sabana Grande in the capital of Managua. She has two children who are 6 and 14, who are in primary school. Her husband is a farmer. Señora Rosa has sold baked goods like perrerreque and rosquillas (types of pastries) for five years. She started with her own funds. With the loans that Afodenic has offered her, she has managed to support herself in the market with the competition. This is her second request, which she is going to invest in supplies to make her delicious rosquillas, which she will offer to providers like supermarkets so her business can grow. In the long term, she wants to build another oven to better make her products. She also hopes to help her children with their education.
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Doña Rosa, tiene 42 años de edad, habita en un barrio de la capital de Managua que se llama Sabana Grande, tiene dos hijos de 6 y 14 años de edad, estudiantes de primaria, su esposo es agricultor, la Sra. Rosa vende horneados como: perrerreque, rosquillas, desde hace cinco años esta en las venta lo cual inicio con fondos propios, con estos préstamo que le ha otorgado Afodenic ha logrado mantenerse en el mercado de la competencia, este es su segunda solicitud la cual va invertir en materia prima para la elaboración de sus ricas rosquillas, y ofertar a proveedores como supermercados, para crecer. A largo plazo quiere construir otro horno para lograr mejor desempeño en la elaboración de sus productos, también desea ayudar a sus hijos que estudien.

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
  • 153
    View loans »
    Nicaragua Loans Fundraising
  • $23,163,975
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Rosa Maria to purchase supplies to make rosquillas (ring-shaped pastries).
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2008
Listed
Dec 1, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009