Update on Nuris AliciaNuris, 28, continues with the work she has been doing for several years. After working abroad it's clear that her business is going very well because it has allowed her to provide her kids, who are in elementary school, with the very best. She still works at her corner store, which she started with her own savings but over time has strengthened with small loans. Of all the things she needs, the most pressing is this latest investment that she will make with the loan, buying 600lbs of rice, 600lbs of sugar, 4 oil drums, 400lbs of beans, 10 cases of sodas, personal hygiene and household cleaning products. Her future projects will include improving her home and giving her family more comforts and a better quality of life.
Previous Loan DetailsNuris works in a small grocery store which she has had for two years. She managed to set up her store with savings from her outside work. She has two beautiful children and her husband works as a driver. Her goal is to expand her grocery store, achieving more stability in her business.… More from Nuris Alicia'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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