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Eveling Violeta

Update on Eveling Violeta

Doña Eveling’s husband continues working abroad in construction as a master builder. Her children are all working and they help her. Her businesses involve renting out rooms and selling clothing and cosmetics. She has invested her loans in these endeavors.

Now she needs to build a perimeter wall. She had already requested a loan for this purpose; however she found she had to invest the money in making improvements on some of her rental rooms instead. This time, however it is urgent that she build the wall. Thus she will buy blocks, cement, sand, stone and iron and pay for labor in order to provide more security for her family and renters.
View original language description ↓
El esposo de doña Eveling continua trabajando en la construcción como maestro de obra fuera del país, sus hijos todos trabajan y le ayudan, el negocio es el alquiler de cuartos, venta de ropa, cosméticos, sus créditos los ha invertido en este mismo, ahora lo necesita para construir un muro perimetral, ya había solicitado crédito para realizar dicha construcción pero se vio obligada en invertir en hacer mejoras de algunos cuartos, pero esta vez le urge construir su muro por lo que comprara bloques, cemento, arena, piedra cantera, hierro, pagara la mano de obra para brindarle mayor seguridad a su familia e inquilinos.

Previous Loan Details

Doña Eveling continues in her business of selling clothing and cosmetics. At the same time, she rents out rooms since they are a great help in covering her expenses.

The loans have enabled her to grow because she can make improvements to her rental rooms. With her previous loan, she was... More from Eveling Violeta'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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,384,075
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Eveling Violeta to buy blocks, cement, sand, stone and iron and pay for the labor to build a perimeter wall.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014