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Margina Lissette

Update on Margina Lissette

Margina, an executive assistant with a bright future, is a young person who has been making improvements to her house, thanks to the work that God has allowed her to have up until now and the loans provided by Kiva and Afodenic. These loans have been a bridge that has allowed her and her parents to enjoy a more decent home. The reason for this new loan is to continue to place ceramic tile on the floor of her home. She will use the loan to buy construction materials including: tile, adhesive, porcelain, separators, and other materials so that she can start the work.
View original language description ↓
Margina Asistente Ejecutivo de Negocios, con un futuro brillante, joven que a logrado ir haciendole mejoras a su vivienda, gracias al empleo que Dios le ha permitido tener hasta el dia de hoy; y a los financiamientos otorgados por Kiva y Afodenic, mismos que han sido el puente para que ella y sus padres puedan gozar de una vivienda mas digna, razon por la cual en esta nueva oportunidad su prestamo lo utilizara para dar la continuidad a la puesta de piso de ceramica, en donde hara uso de los siguientes materiales de construccion ceramica, super bond, porcelana, separadores, entre otros y de esta forma empezar el trabajo.

Previous Loan Details

Margina is a young, single woman who lives with her parents. Together they have been working to improve their home. Margina works in a bank in the capital. She has been in her post for three years and is happy to be blessed with having work. Afodenic has helped Margina to improve the… More from Margina Lissette'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
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,188,275
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Margina Lissette to buy ceramic tile for her home.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013