Update on Rosa AmeliaRosa continues selling plastic items and with her small grocery store. She makes the plastic items. She has the machines necessary to do so and has more than 20 years’ experience. Most of her products consist of glasses, dishes, small and large plastic baskets that she sells at wholesale. In the last few years she’s manufactured more thanks to getting financing.
She will use this new loan to buy recycled plastic, dyes, motor belts, yards of resistance fabric, yards of resistance wire to manufacture five-thousand small mugs, three-thousand large mugs, two-thousand tubs, one-thousand coffee cups, among others to meet customer demand and obtain profits for her household’s expenses. She always has support from her husband; they both work together.
Con este nuevo préstamo invertirá en la compra de plástico de reciclaje, colorante, correa de máquina, yarda de tela para resistencia, yarda de alambre de resistencia, para elaborar cinco mil pocillos pequeños, tres mil pocillos grandes, dos mil tina, un mil taza cafetera, entre otros. Satisfaciendo a sus clientes y obteniendo sus ganancias para sus gastos del hogar, siempre apoyándose con su esposo, ambos trabajando juntos.
Previous Loan DetailsRosa lives with her companion in life. They do not have children, but they have plans to improve their home. Rosa has worked as a merchant for some time, but her main problem has been rising energy costs. Her project involves expanding her business with a larger quantity of products.
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