María is 42 years old, married, and her husband is a driver. She lives in the Casimiro Sotelo neighborhood in the capital city of Managua. She has two daughters, ages 23 and 12, who both are studying and help out their mother. Her plans have become a reality little by little, and she has had her house for 22 years which gives her more security and comfort for the family. She has made improvements to the home using micro-finance capital. María has a small business selling staple grains and fried foods, in which she has twelve years of experience. Her goals are to offer new products, attract new customers, and increase her sales. Thanks to the loans from Afodenic, she will manage to invest further in her business by buying new merchandise such as: staple grains, fruits, vegetables and cosmetics.
La Sr. María tiene 42 años de edad, es casada su esposo es conductor, habita en el barrio Casimiro Sotelo en la capital de Managua, tiene dos hijas de 23 y 12 años de edad ambas estudian y ayudan a su madre. Sus planes se han realizando poco a poco, ya que desde 22 años tiene su casa, dándole mayor seguridad y comodidad a su familia realizando mejoras en su hogar con el financiamiento de micro financieras. Doña María posee un pequeño negocio de venta de granos básicos y fritanga cuenta con doce años de experiencia laboral. Sus metas es ofertar nuevos productos, captar nuevos clientes, aumentar el volumen de las ventas y tener mayores utilidades. Agracias a los préstamos de Afodenic lograra invertir en su negocio con las compra de nuevos productos como: granos básicos, fruta, vegetales y cosméticos.
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.