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Maria Estela
Maria is 28 years old and lives in the Healeah district in the capital city of Managua. She is married and has three beautiful children aged 8, 10 and 13, all studying at a Managua school. She has 8 years of experience running her business selling dairy products to local customers. She plans to buy a new taxi, and to construct a small garage for the vehicle. Thanks to the AFODENIC loans she will be able to achieve her goal to buy a car to use as a taxi, and in this way generate more income, grow her business, increase her sales with new products, and offer security to her family.
View original language description ↓
La Sr. María de 28 años de edad habitante en Healeah un barrio de la capital de Managua. Casada tiene tres lindos hijos de 8, 10 y 13 años todos estudiando en un colegio de la capital. Trabaja en su negocio de venta de lácteos desde 8 años de experiencia laboral, y posee sus clientes en donde lo vende. Como planes tienen comprar una nueva unidad de taxi y la construcción de un pequeño garaje para meter su vehiculo, Gracias a los préstamos en Afodenic lograra cumplir con sus planes de comprar el auto para ser utilizado como taxi y así general mas ingreso, crecer como negocio y generar mayores ventas con sus nuevos productos y darle seguridad a su familia.

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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,451,300
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Maria Estela to purchase construction materials for a garage.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2008
Listed
Dec 4, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009