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Meyling Raquel

Update on Meyling Raquel

Meyling is an entrepreneur. She is a merchant and has her own business selling clothes and other items. Her plans are to grow her business, improve the condition of her home, and provide a better future to her children. With this new loan she will purchase merchandise as sales increase during the Christmas holidays. She will purchase clothing for women, men and children, shoes, jewelry, gold and gold plated items, and silver (rings, bracelets, earrings, etc.), among other things, to provide selection to her customers. She thanks the bank for its ongoing support of the development of her business and for the step by step improvement to her living conditions.
View original language description ↓
Meyling emprendedora, comerciante tiene su negocio de venta de ropa y variedades laborando por cuenta propia. Sus planes es ampliar su negocio mejorar la infraestructura de su vivienda darle mejor futuro a sus hijos. Con este nuevo ciclo de préstamo invertirá en la compra de mercadería ya que para estos tiempos de fiesta navideña se aumenta las ventas. Los productos que comprar son: ropa para dama, caballero, niños, zapatos, bisuterías, prendas de oro, oro laminado, plata (anillos, pulseras, aretes, etc.) entre otras mercadería para ofrecerle variedades a su clientela. Agradece a la financiera por el apoyo continuo al desarrollo de su negocio y mejoramiento de su nivel de vida poco a poco.

Previous Loan Details

Meyling is married. Her husband works as an Inspector. She has her children in school and plans for them to become professionals to have a better future. She has her own business selling clothes, costume jewelry, silver and gold items. She started out years ago working as a salesperson fo... More from Meyling Raquel'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 Nicaragua

  • $3,636
    Average annual income
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $23,617,600
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Meyling Raquel to purchase merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 3, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2013