Update on Angelita MaritzaAngelita 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.
Previous Loan DetailsAngelita 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… More from Angelita Maritza'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