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Nuris Alicia

Update on Nuris Alicia

Nuris, 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.
View original language description ↓
Nuris una joven de apenas 28 años de edad continua dedicandose al comercio desde hace varios años. Luego de estar laborando en el extranjero manifiesta que en su negocio le ha ido muy bien. Pues ha sido este mismo el sosten para ella poderles dar lo mejor a sus dos pequeñas quienes se encuentran en periodos de escolaridad primaria. Ella continua con su pulperia, que incio con ahorros propios pero que en un tiempo la fue fortaleciendo mediante micro-creditos. Dentro de sus necesidades mas apremiantes esta la re-inversion que en esta ocasión y con este nuevo financiamiento le hara a su negocio, comprando con el prestamo 6 Quintales de arroz, 6 quintales de azucar 4 bidones de aceite 4 quintales de frijol, 10 cajas de gaseosa, productos de aseo personal, productos de aseo para el hogar entre otros. Sus proyectos en un futuro esta el mejorar su vivienda y brindarle a su familia mejores comodidades y aun mas un mejor nivel de vida.

Previous Loan Details

Nuris 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 »

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
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $23,166,475
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Nuris Alicia to buy products for her corner store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013