Update on Sara MariaSara Maria is a hard-working and responsible single woman. She is characterized as a person who has always enjoyed satisfying her own needs and achieving the things she always wanted, when they are within reach of her income. Today, Sara continues working for a state enterprise as a concierge, putting forth much energy. Nevertheless, to make added income, she sells cosmetics and sandals on order from her customers. All Sara's children are now adults and help her with basic household costs and with her payments.
With this 10th loan cycle, what Sara plans is to elevate the level of her house and install a new roof. Her preoccupation is that the first seasonal rains have already come and water is entering her house. Sara needs to purchase zinc sheeting, cement blocks, sand, gravel, cement, roof supports, buttresses, reinforcement wire, and solder, among other things.
Her future plan is to install indoor bathroom facilities in her house.
Previous Loan DetailsSara is a single mother and honest woman. Her older children help her out financially. She needs to continue improving the infrastructure of her home. She has worked for a while as a janitor, which is a job that requires a lot of effort. So far she has not had any problems making… More from Sara Maria'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