Ana lives in a neighbourhood of the capital Managua called Leonel Rugama. She is 66 years old and has two children: one graduated in chemical engineering and the other drives a taxi. Both her children help her with her expenses; her husband has passed away. She has a stall selling clothes in the Roberto Huembes market. She started her business with money her elder child gave her. Sales have dropped with the rising cost of basic foods. However, she continues to sell and plans to invest this loan in a variety of clothes for the holiday season as seasonal sales are good. In the future, she wants to further establish her business and increase her line of credit.
La Sra. Ana habita en un barrio de la capital de Managua que se llama Leonel Rugama, tiene 66 años de edad, con dos hijos uno se graduó de ingeniero en química, y el otro es taxista, los dos la apoyan con sus gastos, su esposo ya falleció, tiene un tramo de venta de ropa en un mercado que se llama Roberto Huembes, inicio con dinero que su hijo mayor le dio, las ventas han bajado desde que la canasta básica subió de precio, pero no de deja de vender, con este préstamo desea invertir en ropa variada para la temporada navideña ya que las ventas son buenas para esta época, a futuro es dejar establecido su negocio y ampliar su línea de crédito.
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.