Update on Paula IsidoraPaula continues working part-time as a caretaker. Previously, she was also selling food from her work. Now she has changed her business, since chicken and beef prices have increased which has mean she no longer makes a profit. She is a single mother of three children. The oldest is studying and working in her small business, and the other two are studying.
With the money she has made from food sales she has bought two televisions and one Nintendo console, setting up this small business in her house. She charges fifteen córdobas and hour. She is also buying bicarbonate for resale to help to meet her basic expenses: food, education, medicine and loan repayments. She has achieved part of this growth thanks to the financing of Afodenic.
With this new loan she will buy three 20-inch televisions and three used nintendos, which have a better price. Her goal is to start to expand her Nintendo business.
Con el dinero de la venta de comida, compro dos televisores y nintendo poniendo en su casa este pequeño negocio, la hora la cobra a quince córdobas, también, está comprando bicarbonato empacando para la venta ayudándose de esta manera para lograr pagar los gastos básicos, alimentación, educación, medicina, y sus compromisos de pagos. Parte de este crecimiento lo ha logrado con financiamiento en Afodenic.
Con este nuevo préstamo comprara: tres televisores de 20 pulgada y tres nintendo usados, teniendo un mejor costo. Esto con el objetivo de comenzar de agrandar el negocio de nintendo.
Previous Loan DetailsPaula is a hard working woman. She has two jobs: one as a caretaker at a private firm and another selling food at that same firm having permission to do so. She also sells at home with help from her sister who helps her sell food day and night. When she returns home sales continue. She has done… More from Paula Isidora'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