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Rosa Ivania

Update on Rosa Ivania

Rosa sells cosmetics, perfume and jewelry. She’s been selling for many years and helps her family with expenses. She still has a daughter attending secondary school; her son is married. Her husband is a driver and they have always helped each other to be in better condition. For her, it’s always been a challenge in her life to have a business of her own and now with profits and loans she’s succeeded in starting a small Internet access service with two computers installed in her front entryway; it’s a beginning she hopes will be positive.

She will use this new loan to buy clothes, cosmetics and pieces of silver jewelry to continue offering a wide variety of products to her customers while at the same time informing them about the new service that she hopes will grow in order to buy more equipment and to have a solid business.
View original language description ↓
Doña Rosa, vende cosméticos, perfumes, joyas, con muchos años vendiendo, siendo de ayuda a su familia con los gastos, aun tiene a su hijo estudiando la secundaria, ya que el otro es casado, su esposo es conductor y siempre se han apoyado para estar en mejores condiciones. Para ella ha sido un reto en su vida al tener su propio negocio y que ahora con las ganancias y los financiamientos ha logrado comenzar con un pequeño cyber con dos computadoras el cual ubico en su porche, siendo un comienzo que espera sea positivo.
Con este nuevo préstamo comprara: ropa, cosméticos y prendas de plata para seguir ofreciendo a su clientela una variedad de productos, así mismo informa a su clientela de su nuevo servicio. Que espera crecer para comprar más equipo y tener un negocio solido.

Previous Loan Details

Rosa is married. Her husband works as a urban transportation driver. Her son is in school, and her greatest desire is that he is prepared. Rosa is an enterprising woman who has her own business selling cosmetics. For some time, this has been a source of income for her family. She started the... More from Rosa Ivania'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

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Rosa Ivania to buy clothes, cosmetics and silver jewelry.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2012
Listed
Sep 5, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013