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Gelgi De Los Angeles
Ms Gelgi is mother of three children and very hard working as she raises her children alone. It's difficult but the love of her children helps her to excel so that they are not for want of food or education. She has been working in sewing for several years and has gained experience and speed in her work. She also invests in a welding services shop in partnership with her brother to improve their income. With the loan, they would buy construction materials to repair the door and add a roof for the workshop as it is in front of their home. They will do better business with this new shop front along with the the tools her brother wants. They hope to attract customers with the new shop and improve the economic situation for their families.
View original language description ↓
Doña Gelgi es madre de familia de tres hijos, muy trabajadora ya que le ha tocado sola criarlo. Es difícil pero el amor a sus hijos se ha propuesto sobresalir para que no falte la alimentación y educación. Trabaja en la costura desde hace varios años, y ha tomado mucha experiencia y rapidez en su trabajo. También invertirá en un taller de servicios de soldadura en sociedad con su hermano para mejorar sus ingresos, con el financiamiento comprara materiales de construcción para reparar portón y poner techo en el taller ya que es enfrente de su casa que se hará el negocio poniendo local y su hermano las herramientas lo que espera captar clientes y que funcione bien el taller ya que serán mejores las entradas económicas lo que vendrá a beneficiar su entorno familiar.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,768,325
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Gelgi De Los Angeles to buy tin to put a roof on the new welding shop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
May 10, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011