Update on Basilia YamiletBasilia is a hard-working, entrepreneurial woman. Through her sewing business and her business selling a variety of personal products, she has managed to establish herself in the field of commerce, providing excellent customer service and good-quality products. With her previous loan, Basilia increased her inventory and managed to fill her orders. She also plans to make some improvements to the infrastructure of her home.
With this new loan, Basilia will invest in buying raw materials such as fabrics, threads, buttons, zippers, elastic, cosmetics (face powder, eye shadow, eyebrow pencils and lipsticks), perfumes and other products that her customers are looking for during this holiday season. She is grateful for the constant support that she receives from the financial institution which allows her to develop her business and improve her standard of living.
Previous Loan DetailsBasilia is a lady dedicated to her works as a seamstress and saleswoman of cosmetics, business she manages from her home,she is married and her husband is an audio technician. Previously she worked in the working zone, but she quit in order to set up her own workshop and increase profits as i... More from Basilia Yamilet'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