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Maria Elizabeth

Update on Maria Elizabeth

Maria is continuing to invest in her business. Beforehand she only concentrated on her pig business, but now she has diversified into making food such as baho (local dish of beef, fried plantains etc.) soup, and fritanga (grilled meat and fried intestines) so she can earn more money and continue supporting her family.

With her last loan she managed to increase sales of pork and bought three more pigs.

Now Maria is seeking a new loan to seal the top part of the walls of her house with flat zinc which is used for this kind of work. Then dust wouldn’t be able to get into the house and bother her. Also the drains are in poor condition and dangerous. She would like to buy material to begin this work also.
View original language description ↓
Maria, sigue invirtiendo en su negocio, anteriormente, solo se dedicaba al destace de cerdo, lo que ha diversificado al hacer comida como: baho, sopa y venta de fritanga, con el objetivo de poder obtener mejores ventas.
Y seguir con el apoyo a la familia, con el credito anterior, logro aumentar la venta de carne de cerdo al invertir su capital en la copra de tres cerdo.
Hoy con este nuevo prestamo es para cerrar bien su casa, en la parte del caballete de la pared, el cual cerrara con zinc liso, que es para ese tipo de trabajo, lo que no entrara mas polvo, como le ha venido afectando, asi como hacer loceta de sumidero que esta en mal estado, y es peligro. Comprara materiales para comezar la obra.

Previous Loan Details

Doña Maria is a hard-working woman, who has moved ahead with a lot of effort . She is 46 years of age, married, with three children who are students. Her husband works in security, from which he earns little. For this reason, she has taken the initiative to help support her family and, with a l... More from Maria Elizabeth'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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Maria Elizabeth to seal the gap between the walls and roof of her house and to buy material to improve the drains.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Nov 4, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 16, 2012