Mrs. S. M. is a small producer of rice. Her husband suffers from mobility problems, and she is requesting this loan because she must see to both the rice production and the home. All her children are now grown and living on their own. She tends to her areas of production on a daily basis; with the current loan, she would like to become part of a group of owners of a rice thresher. This would allow her to generate better income from her production.
La Sra. S. M. es pequeña productora de arroz, el marido tiene problemas de invalidez por lo que la señora solicitante tiene que atender la produccion de arroz y el hogar, todos sus hijos son mayores y no habitan en la casa. Diariamente asiste a sus areas de produccion; con la presente solicitud pretende incorporarse como socia de un trillo arrocero que le permitira obtener mayores ingresos de su produccion.
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.