Update on Zaida AntoniaZaida is a hard-working and entrepreneurial woman who used her previous loan to buy merchandise for her business. She managed to re-locate her business to one of the markets in the capital because, months ago, she suffered a robbery which left her with a lower quantity of merchandise. This affected her financial well-being as she didn't have enough stock to meet the needs of her current customers and wasn't able to continue paying for her sales spot. This led her to take other measures, deciding to move her business to another sales location.
Zaida needs this loan to invest in buying basic products such as rice, oil, beans, bath soap, clothing, hair cream, deodorants, candies, fruits, vegetables, etc. She is grateful to the financial institution for their support in developing her business, allowing her to re-stock it with a variety of products.
Zaida mujer emprendedora, trabajadora con el ciclo anterior compro mercadería para su negocio, logro ubicado el negocio en unos de los mercado de la capital, que en meses atrás sufrió un asalto dejándola con menor cantidad de mercadería, afectando su bienestar económico ya que no tenía la cantidades suficiente para cumplir con su clientela actuales y no poder seguir pagando el tramo la llevaron a tomar otras medidas, desciendo trasladar el negocio a otro punto de venta. Requerir el préstamo para invertir en la compra de productos básico, uso personales como: arroz, aceite, frijoles, jabón de baño, trastos y ropa, crema de cabello, desodorantes, golosinas, frutas, vegetales entre otros productos. Agradece a la financiera por el apoyo al desarrollo de su negocio permitiéndole surtir nuevamente de productos en variedad.
Previous Loan DetailsZaida is a saleswoman who sells fruits and vegetables. She also sells new and used clothing. She has managed to increase her sales through the loans that Afodenic have given her. Zaida started out making small purchases of merchandise but her sales levels have increased and now she offers a la... More from Zaida Antonia'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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Success!! The loan was 100% repaid
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Oct 25, 2011
- Nov 7, 2011
- Currency Exchange Loss:
- Nov 15, 2012
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.