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Lili Elivira

Update on Lili Elivira

Lili is 57 years old, widowed, and has three adult children, already married, but who help her financially. She sells new clothing and used to sell her products in the market, but she decided to set up in her home so that she could rest more because of her age. She will use the money from this loan to buy various new clothing and she hopes to gain more customers with this investment and increase her income.
View original language description ↓
Doña Lili tiene 57 años de edad, es viuda sus tres hijos ya casados siempre le ayudan económicamente, ella vende ropa nueva antes ofrecía sus productos en el mercado pero decidió instalarse en su casa para así descansar mas ya que a su edad es más cansado, sus créditos los utiliza en invertir en su negocio en esta ocasión hará lo mismo comprar ropa nueva variada, con esta inversion espera aumentar su clientela y mejorar sus ingresos.

Previous Loan Details

Lili continues with her business of selling clothes, shoes and cosmetics, provisioning every day in order to achieve better sales and better earnings to cover personal expenses. The business has grown with funded loans through Afodenic and the help of her three married and independent children, b... More from Lili Elivira'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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Lili Elivira to buy clothing for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013