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Aida

Update on Aida

Doña Aida is now retired from her work as a primary school teacher. Her greatest desire is to finish building her house in order to leave her children a good home and make her grandchildren feel proud of their grandmother. She receives economic support from one of her children. Her plan for the future is to set up a little sales establishment for cosmetics, so that she can live on this income and complement it with her pension, because at times the money does not go far enough to cover the various expenses for medicine, food, and basic needs. With this eighth loan she will put up a wall on the back part of her house. To do this she needs to buy blocks, iron, paving stone, cement, brackets, and gravel and pay for labor so that she can have better conditions in her home.
View original language description ↓
Doña Aida ahora ya es jubilada de su trabajo que desempeñaba como profesora de primaria, su mayor deseo es terminar de construir su casa para dejarle a sus hijos un buen hogar y que sus nietos se sientan orgullosos de su abuela, ella recibe apoyo económico de uno de sus hijos, su plan a futuro es poner un pequeño establecimiento de venta de cosméticos para vivir de esos ingresos y complementarlos con su pensión porque a veces el dinero no le alcanza para cubrir los diferentes gastos ya sean médicos, de alimentación o consumos básicos, con este octavo crédito levantara el muro de la parte trasera de su casa para eso necesita comprar bloques, hierro, piedra cantera, cemento, estribo, piedrín y pagar la mano de obra, para poder tener mejores condiciones en su hogar.

Previous Loan Details

Aida is a teacher by profession. She has been working in the field of education for thirty years. She also sells cosmetics in order to make better income for the general well-being of her family. Through Afodenic, she has managed to invest in her sales business and increase the products that she… More from Aida'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 173
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Aida to buy blocks, iron, paving stone, cement, brackets, and gravel and pay for labor.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014