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Marta Mayra
Marta lives in the neighbourhood of Sabana Grande; she is 50 years old, single, and has no children. She has had a business baking sweets, donuts, for the past 35 years, an inheritance from her grandparents. Her work has revolved around baking since she was a very young girl even though it is not easy work as it takes a lot of stirring to shape the donuts. With this, her second loan request, she will buy raw materials such as corn, cheese, sweets, sugar, butter, and other products which she needs. Above all, she wants to increase her sales to increase revenues. Her long-term goal is to rebuild her oven to continue her work.
Doña Marta, habita en el barrio de Sabana Grande, tiene 50 años de edad, es soltera, y no tiene hijos, su trabajo en la elaboración de ricas cosa de hornos, rosquillas, desde hace treinta y cinco años pues es heredad de sus abuelos, ya que su fuente de trabajo ha sido los horneados desde muy niña, pues no ha sido fácil por que es un trabajo donde se agita mucho a demás que hay que darle el punto a la rosquillas. Con esta solicitud es la segunda la cual va invertir en materia prima en la compra de maíz, queso, dulce, azúcar, manteca y otros productos que ocupa para hacer las rosquillas, más que todo desea aumentar las ventas para lograr mejores ingresos, A largo plazo es poder mejorar la infraestructura del horno para seguir con su trabajo.

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

  • $4,800
    Average annual income
  • 118
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,675
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Marta Mayra to buy corn, cheese, and butter in bulk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2008
Listed
Dec 7, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009