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Marta Mayra

Update on Marta Mayra

Marta, 54, is single with adult children. She worked in a tax-free area and then began many years ago to work in the business of making "rosquillas" [crunchy ring-shaped cookies] and "empanaditas" [little pies]. She continued with the business that her mother left her, which helps her defray the necessary expenses.

She has invested her loans in raw materials for her business. Now, with this seventh loan, she wants to buy milk, cheese, firewood, sugar, cinnamon, butter, and margarine. She also hopes to do maintenance on her oven. It's her main source of work, but it's deteriorating and she needs to have it in good condition so she can continue making rosquillas, to make the most of her energy and desire to get ahead.

Up to now she has had no health or family problems.
View original language description ↓
La señora Marta de 54 años es soltera sus hijos independientes, ella laboró en zona franca después comenzó hace muchos años a trabajar en el negocio de elaboración de rosquillas y empanaditas, continuo el negocio que le dejo su mama y es lo que le ayuda a sufragar los gastos necesarios, sus créditos los ha invertido en el negocio con materia prima, ahora con este séptimo préstamo desea comprar leche, queso, leña, azúcar, canela, manteca, margarina, así como también espera darle mantenimiento al horno que es su principal fuente de trabajo que se le está deteriorando y es necesario tenerlo en buenas condiciones para seguir elaborando mas rosquillas, aprovechando que tiene muchas energía y ánimos de salir adelante, hasta el momento no ha tenido problemas de salud ni familiar.

Previous Loan Details

Marta is a hard-working woman who lives with her mom. Her business is making bread, doughnuts, baked goods, baked empanadas and other products. With her previous loan, she increased her sales. Her plan is to improve her standard of living. Marta is requesting another loan to buy raw materia... More from Marta Mayra'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

  • $4,800
    Average annual income
  • 112
    View loans »
    Nicaragua Loans Fundraising
  • $24,829,275
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Marta Mayra to buy supplies to make cookies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013