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Maria Lorena

Update on Maria Lorena

María Lorena is now a single mother because she separated from her husband. To support everything necessary for her two children, she dedicates herself to selling food for some businesses between free ports, but some have closed, so she is forced to look for a viable alternative, which is the sale of clothing and cosmetics as well as sewing clothing. She asks for a loan to supply her sale of clothing and cosmetics and, in this way, to offer more products to her customers, who are neighbors in her neighborhood and friends who she sells to in their houses. She is grateful for the support of Kiva and AFODENIC.
View original language description ↓
María Lorena ahora es madre soltera, debido a que se separo de su esposo, para brindarle todo lo necesario a sus dos hijos, se dedicaba a la venta de comida para algunas empresas entre ellas zonas franca, pero algunas cerraron por lo que se vio obligada a buscar otra alternativa viable de negocio el cual es la venta de ropa, cosméticos y también se dedica a la costura de ropa. Solicita su crédito para abastecer su venta con ropa y cosméticos de esa manera ofrecer más productos a su clientela que son los vecinos de su barrio y amigas a quienes les vende a domicilio, agradece el apoyo brindado por KIVA y AFODENIC.

Previous Loan Details

María is married. Her husband is a farmer and her children are students. She has worked for a private company for some time. Her project is to improve the infrastructure of her house. She has had some difficulties because she has been sick. She has already made some small improvements. She req... More from Maria Lorena'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
  • 80
    View loans »
    Nicaragua Loans Fundraising
  • $23,617,600
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Maria Lorena to buy clothes and cosmetics.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013