Update on Paula FrancisPaula continues working as a domestic employee. Her husband continues working as a security guard. Their two children are finishing the academic year in a local school.
As a mother, Paula's goal has been to improve her home. Using her own funds and loans from Afodenic, she has been improving her home's infrastructure. It is easier to carry out this work this way as she is able to balance her household expenses.
Paula used her previous loan to finish building a perimeter wall in order to secure her property and provide security for her family. Now she will improve her home by building some dividing walls, as the ones she currently has are made from plywood. They have a lot of defects and she would like to be able to build them from concrete. She would also like to start building the foundations of a porch which she hopes to gradually develop. Paula is happy to be able to meet her needs and, for this reason, although she often feels tired, she is encouraged by the prospects of a better future.
Como madre su objetivo ha sido la mejora a su casa, el cual con fondos propios y financiamiento en Afodenic, ha venido logrando mejorar la infraestructura, medio que se le hace mas facil por esta via, ya que equilibra los gastos del hogar.
Con el credito anterior logro terminar muro, que vino a segurar mas su propiedad y seguridad para su familia. y hoy hara la mejora de las divisiones, ya que las que tiene, son de playbo teniendo ya muchos defecto y que ahora lo hara de concreto, asi como el comiemzo del cascote del porche, que espera ir trabajando poco a poco. Contenta por poder solucionar las necesidades, es por eso aunque se sienta cansada muchas veces, se anima al pensar en un futuro mejor.
Previous Loan DetailsMrs Paula Francis, age 33, lives with her life partner and their two adolescent children. They currently study in elementary school. She has worked as a domestic employee in a private home for three years. They are a very humble family who live in a crowded neighbourhood of the capital known for… More from Paula Francis'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.
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.
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Success!! The loan was 100% repaid