Update on Reyna MargaritaReyna Margarita is 30 years old and has been working as a primary school teacher in the Los Angeles residential development for 13 years. She needs this loan to buy corrugated roofing to install on the kitchen in her mother's house, which she has been able to build with her previous loans.
She is well-known in her area for her honesty and good family. She is a very responsible and honest young woman. Her life's dream is for her family to remain close and that they won't lack the basic necessities in their home.
Previous Loan DetailsReyna Margarita is requesting her seventh loan in order to invest in improvements for her home (finish building the kitchen). She has worked as a teacher at the Salomon Ibarra Mayorga School for nine years. She has one son who is 8-years-old and is in second grade at the elementary school. Reyna is a single mother who lives with her mother. Although she does not have help from her son's father, she is a woman who has fought so that her child lacks nothing. She is a responsible, honest, hard-working woman who is loved by the residents of Angeles in the town of New Guinea. Currently, she is in her third year of studies at the URACCAN Recinto Nueva Guinea University. Her dream is to have a beautiful home, to work so that her son can get ahead, and to help her mother with the bills.
Translated from Spanish by Kate Divjak, Kiva Volunteer.
Doña Reyna Margarita está solicitando refinanciamiento de su 7mo crédito para invertirlo en mejora de su vivienda (terminar de construir la cocina), trabaja como docente de la Escuela Salomón Ibarra Mayorga desde hace 9 años, tiene 1 hijo de 8 años de edad que estudia su 2do grado de Educación primaria, Reyna es madre soltera que vive con su mamá, a pesar que ella no tiene la ayuda del padre de su hijo es una mujer que ha luchado para que a su hijo no le falte nada, es una mujer responsable, honesta, trabajadora y muy querida por habitantes de la colonia los Angeles del municipio de Nueva Guinea, actualmente está estudiando su 3 er año en la universidad URACCAN Recinto Nueva Guinea. Su sueño es tener una vivienda bonita y trabajo para así sacar a su hijo adelante y ayudar a su madre con los gastos del hogar More from Reyna Margarita'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.
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.
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