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Dominga Del Rosario

Update on Dominga Del Rosario

Dominga is an enterprising woman. Her biggest project is to gradually improve the entire infrastructure of her house through loans. She has managed to build rooms that she rents out and this represents an additional source of income that has been changing her economic situation in face of the daily situations that arise.

She will use the loan she’s requesting to buy building materials and supplies like cement, concrete blocks, wood beams, gravel, paving stones, rebar, metal sheets, purlines, screws, mortar to affix tile and solder, among other materials needed to build a room in the rear of her property thus obtaining another room to rent and yet another source of income improving her social level. She thanks the lending institution for its support in helping her complete her projects and to reach the goals she’s set.
View original language description ↓
Dominga mujer emprendedora su mayor proyecto es mejorar poco a poco por completo la infraestructura de su vivienda que mediante el financiamiento a logrado ir realizando a cuarto que lo utiliza para el alquiler de ellos mismos siendo un ingreso mas. Cambiando su situación económica ante las situaciones cotidiana que se le presenta. Con el préstamo que solicitad lo invertirá en la compra de materiales de construcción como: cemento, bloques, reglones de madera, piedrín, piedra cantera, hierro, lámina de zinc, perlines, goloso, mortero para pegar cerámica, soldadura entre otros materiales necesario para la construcción de un cuarto en la parte trasera de su terreno. Obteniendo otro cuarto para alquilar siendo un ingreso mas. Mejorando su nivel social. Agradece a la financiera por el apoyo en el cumplimiento de sus proyectos y metas que se proponga.

Previous Loan Details

Dominga is a very hardworking woman. For several years she has worked as a teacher and in room rental to balance her expenses.

Thanks to her effort and tenacity she was able to build her house. She still needs to plaster the walls and install flooring but with these loans that she has rec... More from Dominga Del Rosario'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 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

  • $3,636
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Dominga Del Rosario to buy building materials and supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Nov 1, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012