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Nicolasa Candelaria

Update on Nicolasa Candelaria

Nicolasa is yearning for constant success. She says that the loans that she was granted by the microfinance industry and Kiva have enabled her to achieve most of her goals. In this new opportunity she explains the purpose of her loan: she will invest it in summer clothing, shorts, shirts, bathing suits, towels, sunglasses, etc. This investment will help her to expand her stall at one of the markets in Managua, the capital of Nicaragua. Her plan for the future is to improve the infrastructure of her business and thus keep on contributing to the welfare of her family.
View original language description ↓
Nicolasa, una mujer de muchos anhelos en la vida y con gran deseo de superarse siempre, expresa que mediante los financiamientos que se le han venido otorgando gracias a la micro-financiera y kiva a podido alcanzar la mayoria de sus metas, en esta nueva oportunidad resalta la razon de su credito; el cual lo invertira en ropa de verano short, camisetas, trajes de baño, toallas, lentes entre otros articulos, misma inversion que ayudara al engrandecimiento de su tramo ubicado en uno de los mercados de nuestra capital Managua. Su plan a futuro es mejorar la infraestructura de su negocio y asi de esa manera seguir aportando para el bienestar de su familia.


Previous Loan Details

Nicolasa is a hard-working housewife who is also an entrepreneur. She makes income from her business selling clothes retail. Nicolasa is married and her son is in school. She has owned her business for some time. She started it with some savings that she had put aside. Nicolasa will invest... More from Nicolasa Candelaria'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
  • 153
    View loans »
    Nicaragua Loans Fundraising
  • $24,074,500
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Nicolasa Candelaria to buy summer clothing.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 29, 2012
Listed
Mar 15, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012