Update on MauraDoña Maura continues to grow and sell in her business. Thanks to her willingness and effort, she has been able to achieve a stable business. Maura tries to keep her customers satisfied by offering a variety of products. Of her two children, one is working as a teacher while the younger one continues to finish at the university. Maura has the moral and financial support of her husband, who works at a state-owned business that provides public services.
With her previous loan, Maura bought products for her store with the intent of increasing her business each day. The cost of her son’s university is already high, so she wants to support him in this objective. Today her new loan will be invested in several “quintales” (1 quintal = 46 kg) of rice, beans, sugar, corn, drums of oil, boxes of laundry soap, dishwashing soap, body soap, detergent, dairy products, cosmetics, deodorants, shampoos, razors, and other products.
Contando con el apoyo moral y economico de su esposo quien labora en una empresa estatal del estado en servicios publicos.
Con su credito anterior, compro productos para la pulperia, pues su proposito es aumentar cada dia, ya que los costos de la universidad de su hijo es alto , y desea apoyarlo hasta lograr el objetivo,
Hoy con su nuevo financiamiento seguira invirtiendo varios quintales de arroz, frijoles, azucar, maiz, bidon de aceite, caja de jabon de lavar ropa, de lavar traste y de uso personal, ace, productos lacteos, asi como cosmetico en desoraunte, shampoo, gillet, entre otros productos que son
Previous Loan DetailsMaura is married and a hardworking woman. She started her own business in order to help her husband with the household expenses. Maura has a store where she also sells seasonal clothing. She has not had any difficulties since she started out using her own savings and has grown with the help of... More from Maura's previous loan »
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.
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.
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