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Dominga Del Rosario

Update on Dominga Del Rosario

Dominga is a single mother of a growing thirteen-year-old boy. She continues her work in teaching, offering classes in chemistry, giving knowledge of the material to children and young people.

She has invested every requested loan in the improvement of the rooms that she rents in her house. With this income, she supports herself in covering the different home expenses and for the studies of her son.

This loan she is requesting is to change the floor of her home. She will put ceramic tile in the room to make her home more beautiful and presentable. With this loan, she will buy ceramic material, cement, ceramic tile flooring, dividers, and to pay the laborers.
View original language description ↓
Doña Dominga es madre soltera de un hijo de crianza de 13 años de edad, continua con su labor de docente brindando clases de química, impartiéndole conocimientos de la materia a niños y jóvenes, ella cada préstamo solicitado los ha invertido para hacer mejoras en sus cuartos de alquiler en su casa y con esos ingresos se apoya para los diferentes gastos del hogar y los estudios de su hijo. Este crédito solicitado es para cambiar el piso de su hogar, le pondrá cerámica en la sala para que se vea más bonita su vivienda y presentable, con el préstamo comprara cerámica, cemento, escaliche, separadores y pagar la mano de obra.

Previous Loan Details

Dominga is an enterprising woman. Her biggest project is to gradually improve the entire infrastructure of her house through loans. She has managed to build rooms that she rents out and this represents an additional source of income that has been changing her economic situation in face of the... More from Dominga Del Rosario'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
  • 138
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Dominga Del Rosario to buy ceramic material, cement, ceramic tile flooring, dividers, and to pay the laborers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013