Check out other loans that are currently fundraising!
Luisa Amanda

Update on Luisa Amanda

Luisa makes a living selling fried foods which are typical in her country. This business is very profitable. She also has a suit making business in which she make typical costumes for national folklore dances and she rents them out as an extra income for her family.

Presently she is requesting this loan to invest in both her businesses by buying basic grains, fruit, vegetables and meat, as well as fabric and accessories on order to make different types of costumes. This is how she makes a living and gets her husband and children ahead.
View original language description ↓
Doña Luisa se dedica a la venta de fritanga comida típica del país, negocio que es muy rentable, adicional a esto también tiene un negocio de confección de trajes para bayles de folcklore traje típico nacional y el alquiler de la misma que genera otro ingreso a la familia. Actualmente está solicitando un décimo crédito para invertir en sus dos negocios comprando granos básicos, frutas, verduras, carnes así como también tela y accesorios para la elaboración de diferentes tipos de trajes, de esa manera se gana la vida y ha salidos adelante con su esposo e hijos.

Previous Loan Details

Luisa is an enterprising woman, married with three handsome sons. She currently has her own fritanga [Mexican fried food] store, which she has had for 6 years. She has been selling and capturing clientele. She began with a small amount of savings, starting with small sales and a small menu which… More from Luisa Amanda'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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Luisa Amanda to buy basic grains, fruit, vegetables and meat, as well as fabric and accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013