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Fatima Lucia

Update on Fatima Lucia

Fatima lives in the town of Ticuantepe. She is very happy with the loans that she has received from Afodenic, through Kiva, because she has been able to build some of the rooms that she had planned. Now she would like to build a small extension on the front part of her house for her kitchen. She hopes to continue working in this way because her salary does not allow her to buy the building materials she needs for this work such as blocks, stone, metal sheets, beams and tiles all in one go.
View original language description ↓
La señora Fatima , es habitante del municipio de Ticuantepe , ella esta muy feliz con los financiminetos obtenido atravez de afodenic con fondo Kiva , por que logro realizar unos de los cuartos que tenia como proyecto , ahora quiere hacer un pequeño anexo en la parte trasera para realizar la construccioón de su cocina , espera seguir asi ya que con sueldo no le ajusta para comprar de una sola todo lo que son los materiales de construcción como , bloque , piedra , zic , cemento , perlines , ceramica , entre otros poducctos para realizar la contrucción

Previous Loan Details

Mrs. Fátima Lucia Mejía C. is 40 years old and lives in the city of Ticuantepe with her husband who works as a fireman for Texaco Ticuantepe. They have two school-aged children. Fátima's dream is to help them with their education so they can become professionals and not have to face the same di... More from Fatima Lucia'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 84
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Fatima Lucia to buy building supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 16, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013