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Angelita Maritza

Update on Angelita Maritza

Angelita is a hard-working woman who is responsible for educating her children. For a while now, Angelita has been working as a Lottery Agent, a business which has been the means of support for her to get her family ahead.

In order to extend and improve her home, she has sought financing from Afodenic which, after God, she maintains has been to date the main means of her achieving one of her most cherished dreams, that of building her home.

Today, with this new loan she will buy construction materials to build the wall at the back of her home, as the wall she currently has belongs to her neighbor, at the same time, she will install pipes for river water in her home. Her long-term plan is to continue making improvements to her home, and that way offer her children better security.
View original language description ↓
La señora Angelita mujer esforzada y resposable con la educacion de sus hijos; desde hace un tiempo que Angelita tiene como oficio el ser Agente de Loteria, negocio que ha sido el sosten para ella poder sacar adelante a su familia. Para la ampliacion y mejora a su vivienda, recurre al financiamiento ofrecido por Afodenic que hasta el dia de hoy asegura la señora ser despues de Dios el principal medio para ella poder ver realizado uno de sus grandes sueños como lo es la construccion de su casa. Hoy con este nuevo prestamo comprara materiales de construccion para la realizacion del muro de la parte trasera ya que con el que cuenta por ahora su vivienda es con la pared de su vecino a su vez realizara la instalacion de tuberias de aguas fluviales en su hogar. Su plan a futuro es seguir haciendole mejoras a su vivienda y de a esta manera ofrecerle a los suyos mayor seguridad.

Previous Loan Details

Angelita is a hardworking and enterprising merchant, and her children are students. Her main project is to improve the infrastructure of her home so that her family will have protection and security. With the loan she will buy merchandise to sell such as lottery scratch-offs and other items t... More from Angelita Maritza'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
  • 144
    View loans »
    Nicaragua Loans Fundraising
  • $24,084,875
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Angelita Maritza to buy a wall and install pipes for river water in her home.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
Apr 15, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013