Update on Melania AuroraMelania continues working as a street vendor of clothes. She’s a seamstress by profession and has acquired customers to sell to and to fill orders for items they request like home appliances, cosmetics and clothes. Her profits have improved to help her family with household expenses. Her husband works as a driver and two of her children work in construction and the youngest is still in school. One of her difficulties has been that her youngest son has been sick with convulsions and she’s had to spend more money and has had less time available to go out to sell.
She used her previous loan to improve the front part of her house with a concrete wall. Now, with this new loan she’ll start to build a room in the rear which will also serve as a rear wall because the one that’s there now is her neighbor’s and it’s very flimsy. Because of this she’ll do the construction providing her children with more space and privacy.
Entre las dificultades, ha tenido enfermo a su hijo menor, con convulciones, lo que ha tenido que gastar mas dinero y ha salido menos tiempo con sus ventas.
Con su credito anterior logro mejorar la parte delantera de su casa en pared de concreto, hoy con este nuevo financiamiento comenzara la construccion de un cuarto en la parte de atrás, que tambien le servira como tapia, ya que la que tiene es del vecino y muy delicado, es por tal razon hara construccion, dando a sus hijos comodidad de espacio y privacidad.
Previous Loan DetailsMelania Aurora is 38 years-old, married, and lives in the Laureles Norte neighborhood of Managua, a low-income area known for its high delinquency rates. Her husband works as a bus driver. They have three children, two of them married and living in Estelí City. Melania bought a sewing machine when… More from Melania Aurora'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
- Repayment Term
- 21 months (Additional Information)
- Repayment Schedule
- Oct 18, 2011
- Nov 2, 2011
- Currency Exchange Loss:
- Apr 18, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.