Mr. V. lives in the municipality of Ticuantepe together with his wife and children. His wife works to support with the household expenses. She has a used clothes store at her home. Don Bayardo has worked for five years as a security guard supervisor. His future plans are to improve the living conditions of his family. The greatest difficulty that he is facing is building his home due to a lack of financing since his salary is low. With this request, he is going to buy construction materials to make improvements to the home and be able to have a home worth of his family.
About AFODENICThis 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.
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Success!! The loan was 100% repaid