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Martha Amalia

Update on Martha Amalia

Martha is 53 years old and is a shop keeper. With the loans that she has had before, she has grown her store which initially just sold drinks. Later, she invested in the infrastructure of her house. Her children are already adults and live independently with the exception of one who was born with special needs and needs her care. She always has the support of her husband. She is requesting this new loan to invest in her business by buying canned goods, sausages, sodas, staple foods, cosmetics, cereals, plastic goods, personal grooming products, house wares, vegetables, dairy products, and others to keep growing her business and so to support her family.
View original language description ↓
Doña Martha de 53 años, es comerciante, con los prestamos que ha hecho ha ido incrementando mas su negocio quien inicio vendiendo refrescos, luego fue invirtiendo en la infraestructura de su casa, sus hijos ya son adultos e independientes a acepción de 1 que si está a cargo de ellos quien nació con capacidades diferente y requiere de un cuido especial. Siempre cuenta con el apoyo de su esposo, este nuevo crédito lo solicita para invertir en su negocio comprando productos enlatados, embutidos, gaseosas, granos básicos, cosméticos, cereales, productos de plásticos, productos del aseo personal y del hogar, verduras, lácteos entre otros para seguir creciendo en su negocio ya que de esa manera ella apoya a su familia.

Previous Loan Details

Martha is the mother of three children and 51 years old. Her business is a a small grocery that she managed to start several years ago. With money her husband gave her, she began with just a few products. Later, to increase inventory, she rethought the financing of her business and was able to gr... More from Martha Amalia'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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,036,450
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Martha Amalia to buy canned goods, sausages, sodas, staple foods, cosmetics, cereals, plastic goods, productos de plásticos, grooming products, home goods, vegetables, and dairy products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013