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Paula Argentina

Update on Paula Argentina

Paula lives in the municipality of Concepción Masaya. She and her husband try very hard to be able to provide their children with better living conditions, and above all to fulfill their greatest dream of building a house. For many years, she has had a small business selling fruits and vegetables. Her husband supports her with the home expenses, but he has not been able to save enough money all at once to begin construction.

With this new loan, they will be able to purchase the necessary items to start the construction, such as blocks, cement, loads of sand and gravel, and iron. They hope to continue saving with the support of AFODENIC, which through loans from Kiva helps people with limited resources like themselves.
View original language description ↓
Doña Paula vive en el municipio de la Concepcion Masaya, su esposo y ella se esfuerzaz mucho para poder darles a sus hijos mejores condiciones de vida y sobre todo resliazar su mas grande sueño contruir su casa. ella tiene de muchos años su negocito vende frutas y verduras su esposo la apoya en los gastos del hogar pero no han podido recaudar de una sola vez el dinero para comprar materiales, con este nuevo financiamiento ellos podran comprar lo necesdario para emprender la construccion: Bloques, Cemento, Viajes de Arena, Viajes de Piedrin, Hierros. ellos esperan seguir contando con el apoyo de Afodenic quien atravez de fondos Kiva ayudan a personas de escasos recursos como ellos.

Previous Loan Details

Paula lives with her husband and children in the Concepción Masaya municipality. Her plans for the future are to improve their living conditions and improve her house. Paula has been selling fruit and vegetables at the Managua market for several years. This has been the way that she has… More from Paula Argentina'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
  • 73
    View loans »
    Nicaragua Loans Fundraising
  • $23,443,675
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Paula Argentina to purchase blocks, cement, sand, gravel, and iron.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 21, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014