Check out some available loans that are similar to this one!
Rita Ana

Update on Rita Ana

Rita keeps her business going with great effort and sacrifice. She sells food in the streets to help her two children who attend school. Being a single mother, she is making the sacrifice to build a wall around her house so they can feel more secure. She is asking for a loan, her second, so that she can buy cinder blocks, cement, iron bars, sand, and pay for labor. Rita’s greatest desire is to have her own food stall in the Managua market so that she can support her family and continue to grow with her children. This is why she works arduously to achieve this.
View original language description ↓
Doña Rita con mucho esfuerzo y sacrificio mantiene su negocio vendiendo comida en las calles para ayudar a sus 2 hijos quienes estudian, ella siendo una madre soltera está haciendo el sacrificio para construir un muro perimetral de su casa y tener mayor seguridad, para lograrlo solicita apoyo de crédito por segunda ocasión con lo que comprara bloques, cemento, piedra cantera, hierro, arena y pagar la mano de obra, el mayor deseo de doña Rita es tener su propio comedor en un mercado de Managua para apoyar más a su familia y seguir creciendo con sus hijos, es por eso que trabaja arduamente para poder lograrlo.

Previous Loan Details

Rita continues with her business selling fritanga (fried snacks), which she does every day. Previously, she sold tortillas, but has earned more by selling food. She hopes to keep investing in her business, to get better profits for her children. They don't have financial support from their… More from Rita Ana'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
  • 151
    View loans »
    Nicaragua Loans Fundraising
  • $23,166,475
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Rita Ana to buy building materials.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014