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Gloria Elena

Update on Gloria Elena

Gloria still has her electrical appliance business, almost 80% of which is through orders. Her husband also sells electrical appliances, earning additional income for supporting the family. With the loans, they have been buying more products, and thanks to this have managed to gain more customers, and generate more earnings.

With her loan, she will buy three irons, two electric hotplates, two tape recorders, two rice cookers, three Premier DVD players, two blenders, three sewing machines, and three small bicycles.

Almost all this merchandise is for delivery. For this she takes cash, and extends credit. She buys at wholesale, so they give her better prices, and she also sells to her customers at affordable prices.
View original language description ↓
Doña Gloria, continua con su negocio en electrodomestico, casi el ochenta por cierto en encargos, su esposo comercializa tambien electrodomestico, logrando mejores ingresos para el sustento de la familia.
Con los financiamiento ha venido comprando, mas productos, gracias a esto ha logrado captar mas clientela, generandole mejor disponibilidad de ganancias.
Con su prestamo comprara: tres planchas, tres cocinas de mesas electricas, dos grabadoras, dos arroceras, tres dvd premier, dos licuadoras, tres maquinas de coser y tres bicicletas pequeñas, casi todos son solo para entregar mercaderia, el cual trabaja con creditos y al contado, comprando al mayor, le dan a mejor precios, dando a precios accesibles a sus clientes tambien.

Previous Loan Details

Gloria is a single mother and has children who are in school. Her priority is to prepare her children to become professionals. She has her own business selling household products and it has been in operation for some time. Gloria started out by selling in small quantities and utilizing microlo... More from Gloria Elena'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

  • $4,800
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Gloria Elena to buy electrical appliances to continue building up her business and filling customer orders.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2012
Listed
Jan 22, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012