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Yila Waleska

Update on Yila Waleska

Yila is 38 years old and is single. She has 3 children. The oldest is 22, the second is 19 and the youngest is 10. She has had her own business for 16 years, a restaurant located in Santo Domingo, where she serves various customers. She is asking for her 11th loan with the purpose of finishing putting in a floor in a hallway her house, since with the previous loan she was unable to finish some details in an addition to her home she made for the restaurant she has now. Like she said with the previous loan, her business has grown and she wants to offer the most comfort so that her customers feel well served. She also wants to buy products for her business such as produce and other things that her business needs.
View original language description ↓
Yila de 38 años de edad es soltera, tiene 3 hijos, el mayor de 22, el segundo de 19 y el menor de 10 añitos. Tiene 16 años de tener su propio negocio de comideria ubicado en Santo Domingo, donde atiende clientela variada. Esta solicitando su 11vo credito con el objetivo de terminar de embaldozar un pasadizo en su casa ya que con el credito anterior no logro terminar algunos detalles de la ampliacion de su vivienda para el negocio de comedor que tiene, pues como ya lo dice en el credito anterior su negocio ha crecido y quiere brindarles una mejor comodidad para que se sientan mejor atendidos sus clientes, ademas desea comprar productos para el negocio como viveres y otras cositas que necesita en su dispensa.

Previous Loan Details

Yila, 37, is single. She has three children. The oldest is 21, the second one is 18 and the youngest is 9 years old. She’s had her own eatery in Santo Domingo for the last 15 years where she tends to a varied clientele. She’s asking for her 10th loan to enlarge her house for the eatery busine... More from Yila Waleska'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

  • $4,800
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,275 helped Yila Waleska to buy produce for her business and to put in a floor.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Aug 5, 2012
Currency Exchange Loss:
Possible
Expired:
Sep 4, 2012