Maria De Lourdes
Update on Maria De LourdesMaría is still working as a cook in her sister's snack bar; they support each other mutually. She has three married children and the moral and financial support of her husband. He owns a taxi, which gives a larger percentage of the earnings, although the cost of gasoline is high.
Her goal has been to remodel her house, which she has been doing in the short term with the loans from AFODENIC and with savings. She has begun to make a room. She still has to raise the walls, the roof, and the doors, which she'll do with this new loan to make progress and soon enjoy the improvement.
She needs to buy concrete blocks, sand, and metal rods, and continue with the construction.
Como objetivo ha sido la remodelación de su vivienda, el cual ha venido logrando hacer a corto plazo con los préstamos otorgados en Afodenic, y ahorros. Ha comenzado hacer un cuarto, aún le falta levantar paredes, el techo, puertas, lo que hará con este nuevo financiamiento para avanzar más y pronto gozar de esta mejora. Materiales a comprar: bloque, cemento, arena, hierro y seguir la construcción de la obra.
Previous Loan DetailsMaría is a merchant. For the last thirteen years she’s been selling food in a snack bar that she runs with her sister. Her husband works as a taxi driver; he owns the taxi. She has managed to sell a variety of dishes thanks to the loans that Afodenic has given her during several cycles. F... More from Maria De Lourdes'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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