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Sully

Update on Sully

Sully's business has been growing since she added a new specialty to the menu—beef and seafood soup—which has been popular with her customers because it's tasty and nourishing.

She continues working with her husband in the business. In the last few months she has felt ill, while being pregnant with her baby. Sales declined and she was late with her payments, but with the support of her family, things are different now. Her baby is fine and has brought joy to the house.

Today she is happy that her sales are stable, and thanks to a loan through Afodenic, with this new loan, she can buy basic grains, meat, chicken, bones, beef tails, shrimp, crabs, punch, fish, coco-cola, fruits and vegetables in order to continue making her delicious food.
View original language description ↓
El negocio de doña Sully, ha venido mejorando, ya que por su especialidad en la sopa de res y marisco, el cual gusta mucho de los clientes, por su rico nutrientes.
Negocio que sigue trabajando junto a su esposo. En los ultimos meses se vio mal, con el parto de su bebe, los que sus ventas bajaron y se retraso con sus pagos, teniendo el apoyo de su familia, pero no es lo mismo.Su bebe esta bien, y ha traido felicidad al hogar.
Hoy en dia esta contenta por que ha logrado la estabilidad, en sus ventas, y que gracias Afodenic, ha sido posible esta nueva inversion. en donde comprara: granos basicos, carne, pollo, hueso, cola de res, camarones, cangrejos,punche, pescado,productos de la coca cola, frutas y verduras, para seguir elaborando su rica comida.

Previous Loan Details

Sully is married and her husband is a merchant. One of her sons is studying. She is an enterprising woman who has had her restaurant for some time. She started out with the help of her mother-in-law. She needs to recondition her store to provide her clients with greater comfort. The loan will be ... More from Sully's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $3,636
    Average annual income
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $23,818,050
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Sully to purchase ingredients for her restaurant business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Sep 30, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2013