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Maria Del Rosario

Update on Maria Del Rosario

María del Rosario, 58, has opted to continue working selling ‘fritanga’ [Nicaraguan fast-food] every night, a traditional food of the country, and lunches. Her main buyers are neighbors. Her business is the main source of income to continue supporting her two children. One of them is still attending secondary school. She and her children have figured out ways to get ahead together since María is a widow and has no other economic support. With this fourth loan she will buy a food display case and products like rice, oil, meat, vegetables, chicken and fruit to make refreshments. Her future plan is to have an eatery that’s open 24 hours and to be able to hire more workers.
View original language description ↓
María del Rosario de 58 años, ha optado mas en seguir haciendo fritanga todas las noches una comida típica del país y almuerzos, siendo sus principales compradores los vecinos, el cual dicho negocio es el medio principal para seguirle brindando apoyo a sus dos hijos, uno de ellos todavía está estudiando en la secundaria, con quienes han sabido ingeniárselas para salir adelante ya que María es viuda y no tiene otro apoyo económico. Con este cuarto crédito comprara un mostrador de comida y productos como arroz, aceite, carnes, verduras, pollo y frutas para hacer refrescos. Sus planes para un futuro es tener su comedor abierto las 24 horas y poder contratar más trabajadores.

Previous Loan Details

María is a small businesswoman who began her business years ago selling new and used clothing, buying a variety of clothing by the bundle, beginning with savings from her work washing and ironing clothing as a home laundry service. She has had to work a lot as she does not have the support of… More from Maria Del Rosario'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
  • 58
    View loans »
    Nicaragua Loans Fundraising
  • $23,427,950
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Maria Del Rosario to buy a food display case and products like rice, oil, meat, vegetables, chicken and fruit.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013