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Rosa Amelia
Rosa is 53 years old, married, and has three beautiful children, aged 12, 15, and 20 years old, who attend school. Her husband and two eldest children help her in her work after class. She makes cups, plates glasses, and similar items out of plastic. She started this business 15 years ago with a loan. Recently, there was a fire in the market where many of her clients sell and she has had difficulties recovering her losses as the shopkeepers who were injured have been unable to pay her. Due to these circumstances, she is asking for this, her third loan request to Afodenic as they offer low interest rates and provide opportunities. She will invest the loan in the infrastructure of her workplace, specifically in extending the roof, in order to improve working conditions. As she is starting from nothing once again, in the long term she plans to be able to produce many more items and obtain better results by enlarging her premises.
Doña Rosa tiene 53 años de edad, casada y con tres hermosos hijos que están estudiando sus edades son 12, 15,20 años de edad, su esposo la apoya en el trabajo como sus dos hijos mayores, después que llegan de clase, su negocio es la elaboración de tazas, platos vasos, y similares de plásticos, inicio hace quince años, con dinero prestado en financieras, hace poco con un incendio que hubo en el mercado que vende tuvo muchas dificultades para recuperar el dinero, ya que los comerciante que resultaron perjudicados no le pagaron, con este préstamo es la tercera solicitud en Afodenic, lo cual es de gran beneficios para sus interese bajos y por la oportunidad que le brindan, va invertir en infraestructura en el techado del local donde trabaja para mejorar las condiciones laborales ya que esta comenzando de cero otra vez, a largo plazo es poder producir mucho y obtener los resultados, a si como seguir agrandando el local.

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
  • 85
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD
Paid Back
A loan of $425 helped Rosa Amelia to buy construction materials and extend the roof.
130% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2008
Listed
Dec 6, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2008