Update on Maria AuxiliadoraMaría continues with her home-based sales, a grocery store that grows more every day as she introduces and offers more products. Her oldest son works and the others are attending school. She continues to be a single mother who is capable of giving her children the best.
The growth and securing of customers has been possible thanks to the loans Afodenic has given her during these cycles keeping her sales balanced as well as her personal expenses and payment of basic expenses and food.
She will use this new loan to buy basic grains, dairy products, snacks, cereals, Coca-Cola, chicken, meat and others that are the ones most bought by her customers.
El crecimiento y la captacion de clientes ha sido posible gracias a los prestamo que Afodenic ha dado en todos estos ciclos, logrando mantener el equilibrio en sus ventas, a si como pago de gastos personales, pago de gastos basicos y alimentacion.
Con este nuevo prestamo podra comprar granos basicos, productos lacteos, golosinas, cereales, coca cola, pollo, carne, y otros de los cuales son mas comprado por sus clientes.
Previous Loan DetailsMaria has been a merchant for 11 years, having established a general store in which she continues to introduce a great variety of products, hoping for better sales. At the outset, she did this with money she had saved. Maria is the mother of 3 children and she has had to pay for their studies,... More from Maria Auxiliadora'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