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Marlyn Lissette

Update on Marlyn Lissette

The young, hard-working woman, Marlyn, moves forward together with her husband who works in bricklaying. With these incomes, they cover the home expenses. Together they have two children under the age of eight years old; one goes to primary school.

They continue living in her mother-in-law's house. Little by little, they have improved the part of the home where they live to make it more comfortable. This is thanks to the profits of her gasoline and clothing sales, as well as her work in a small, home-run restaurant. Everything she does is to make more income and to be able to cover the home expenses.

Now, she needs a loan to repair her room. She will buy corrugated metal roofing, cement, iron bars, sand, cinderblocks, flywood, metal sheets, and purlins.
View original language description ↓
La joven Marlyn mujer trabajadora sale adelante junto a su esposo quien se desempeña en albañilería con esos ingresos aporta para los gastos del hogar, ambos tienen dos hijos menores de 8 años uno va a la escuela, ellos continúan viviendo en casa de su suegra, poco a poco han ido mejorado la parte donde habitan para estar más cómodos, esto gracias a las ganancias de su venta de golosinas, ropas, y también su trabajo en un negocio de fritanga, todo para obtener otro ingreso mas y poder cubrir los gastos del hogar, ahora necesita el crédito para componer su cuarto comprara zinc, cemento, hierro, arena, bloques, flywood, laminas lizas y perlines.

Previous Loan Details

Marilyn is a young woman, hardly 26 years old, and mother of two children. For approximately three years she has made a living selling new pre-ordered clothing, a business she began with the support of AFODENIC, says the young woman. Her greatest hope is to one day enjoy her own land and make… More from Marlyn Lissette'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
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,215,950
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Marlyn Lissette to buy corrugated metal roofing, cement, iron bars, sand, cinderblocks, flywood, metal sheets, and purlins to repair the room.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 7, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013