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Maria De Los Angeles

Update on Maria De Los Angeles

Sra. María is a humble fruit and vegetable merchant from the town of San Ignacio. She and her husband work together in order to provide for the household expenses. Her plans for her family include improving their living conditions. For more than 10 years, she has tried to repair the walls of her modest home, but her financial situation does not allow her to do so. Doña María, with her previous loans, was able to get her business well-established. This time she is asking for the support of Kiva so that she can invest in construction materials and make improvements to a large part of her house.


This loan will be used to buy cement, zinc, blocks, flooring, and other supplies.

View original language description ↓
La señora María, es una humilde comerciante de frutas y verduras del municipio de San Ignacio, junto a su esposo en cual trabaja para apoyarle con los gastos del hogar, los planes hacia su familia es mejorar las condiciones de vida, ya que llevan más de diez años queriendo reparar las paredes de su humilde vivienda, pero su situación económica no se las permite, doña María con sus préstamos anteriores logro establece bien su negocio y esta vez solicita apoyo de Kiva para invertir en materiales de construcción y darle una mejoría a gran parte de casita .El préstamo lo quiere para comprar cemento , zinc , bloques , piso , etc.

Previous Loan Details

Maria lives in the town of San Ignacio together with her husband and children. Her plans for the future are to improve her living conditions. Maria has been selling products for many years. She used to sell electrical appliances. The biggest problem she had was people stealing her products.… More from Maria De Los Angeles'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,448,750
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,300 helped Maria De Los Angeles to buy construction materials.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2012
Listed
May 16, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 15, 2012