Ilva Del Carmen
Update on Ilva Del CarmenIlva continues working in her grocery store business and selling school supplies. She has been investing in stock through loans from Afodenic. This has been of great use to her household. Ilva's husband works as a driver and her children are in school.
Ilva will invest this new loan in buying basic grains, rice, beans, sugar, corn, oil, toilet paper, cereals, milk, candies, Coca Cola products, chicken, eggs and school supplies so that she can offer her customers a wide range of products.
Ilva plans to use her profits to lay some tiles in her living room as it is currently bare earth. She would like to make this improvement for the well-being of her family.
Hoy con este nuevo préstamo Ilva, invertirá en granos básicos, en arroz, frijoles, azúcar, maíz, bidón de aceite, bolsón de papel higiénico, cereales, pote de leche, golosinas, productos coca cola, carne, pollo, huevo entre otros como utiles ecolares. Para seguir ofertando a sus cliente variedad de productos. Como planes con sus ganancias es poner cerámica en su sala ya que aun es de tierra y desea hacer esta mejora para el bienestar familiar.
Previous Loan DetailsIlva is married. Her husband works as a driver and helps her with expenses. Her children are in school and her short term goals are that her children become professionals. She is a very hard working woman who has a grocery store. She started it a long time ago with her own funds. Her future… More from Ilva Del Carmen'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
- Repayment Term
- 13 months (Additional Information)
- Repayment Schedule
- Jun 29, 2012
- Jul 12, 2012
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.