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Luisa Ercilia

Update on Luisa Ercilia

Luisa continues with her eatery business, which specializes in roasted and baked chicken. These are in great demand by her customers. She, together with her husband and children, has helped her business grow, and she has been strengthening it with loans from Afodenic. She only used the loans for the business. She is very happy that she managed to prepare her three children. They are now professionals working with a better future.

She will use this new loan to be buy two hundred fifty pounds of chicken, two hundred fifty pounds of beef, and two hundred pounds of pork. She puts thirty whole, four pound chickens in her oven, and she roasts more on the grill. She sells them daily at her eatery because they are rich in flavor and their price is reasonable. Like the enjoyment of the baked meats, her sales increase on holidays. Then she manages to have better income for her basic payments and personal expenses.
View original language description ↓
Luisa continua con su comercio de comedor especializándose en los asados y hornados de pollos, muy demandados por sus clientes, junto a su esposo e hijos han ayudado para este crecimiento y que se vino a fortalecer con préstamo otorgados en Afodenic, siendo sus crédito solo para el negocio. Muy satisfecha ya que logro preparar a sus tres hijos, hoy en día profesionales, trabajando con un futuro mejor.
Con este nuevo préstamo comprara: Decientas cincuenta libras de pollos, decientas cincuenta de carne de res, decientas libras de carne de cerdo, el cual en su horno alcanza treinta pollos enteros de cuatro libras, más los asados en la parrilla, en su comedor vende diario por ser ricos en sabor, accesibles en precios, así como el gusto del horneados, sus ventas aumentan en fecha de fiestas. Logrando tener mejores ganancias para sus pagos básicos y gastos personales.

Previous Loan Details

Luisa has her own business, an eatery where she sells a variety of dishes. She started her business many years ago selling home-cooked Nicaraguan foods. Thanks to her tenacity and determination to support her family financially, she made a good investment which is now quite economically sound... More from Luisa Ercilia'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 Nicaragua

  • $3,636
    Average annual income
  • 83
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Luisa Ercilia to buy chicken, beef, and pork to increase her food production and sales.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 7, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013