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Update on Yamileth

Doña Yamileth works every morning alongside her husband, who is a mechanic, to get ahead. Her three children are students. She used her previous loans to invest in her food business, but now she sells used clothing because it provides a bit more income.

She needs this loan to buy building materials such as gravel, cement, sand, and cement blocks to build a room and perimeter wall. She will use her earnings to make some improvements to her house.
View original language description ↓
Doña Yamileth cada mañana trabaja para salir adelante al lado su esposo quien es mecánico sus tres hijos siempre estudian los créditos anteriores los ha invertido en su negocio de comedor, pero ahora está optando por el negocio de la venta de ropa usada que le está proporcionando un poco mas de ingresos económicos, este crédito lo necesita para comprar materiales de construcción como piedrines, cemento, arena, bloques todo para construcción de cuarto y muro perimetral, aprovechara sus ganancias para hacerle un poco de mejoras a su vivienda.

Previous Loan Details

Yamileth continues with her restaurant business, where she offers a variety of dishes every day. Thanks to her husband's financial support and with financing she has been able to maintain and promote her restaurant. There she starts preparing the food very early to tend to her customers. ... More from Yamileth's previous loan »

Additional Information


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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,386,550
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Yamileth to buy gravel, cement, sand, and cement blocks to build a room and perimeter wall.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 9, 2013
Currency Exchange Loss:
Feb 17, 2014