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Mayela Melissa

Update on Mayela Melissa

Mayela lives in the municipality of Ticuantepe with her husband who has his own business. She works in a private business and together they share the household and their two children's expenses. Mayela has struggled for many years to finish her house but her difficulty has been that she does not earn enough to finish it. With this new loan that has been provided to her she will buy metal sheeting and beams to install a roof in her home and finish it little by little. She is very thankful for Afodenic and Kiva's funds for the support that they have brought to her.
View original language description ↓
La señora Mayela vive en el municipio de Ticuantepe junto a su esposo quien tiene su propio negocio, ella labora para u na empresa privada y junto se comparten los gastos del hogar y los gastos de sus dos hijos, Mayela varios años lleva luchando para terminar su casa pero su dificultad es que no ganan lo suficiente para terminarla, con este nuevo credito que se le ha otorgado comprara parte del Zinc y perlines para ponerle el techo a su vivienda y poquito en poquito terminarla, muy agradecido con Afodenic y fondos Kiva por el apoyo que le han brindado.

Previous Loan Details

Mayela lives in the municipality of Ticuantepe with her husband who is self-employed, they have children and her plans for her family are to improve their living conditions. For several years now, Mayela has been working in a private company, but her salary doesn't stretch far enough to be able to… More from Mayela Melissa'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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Mayela Melissa to buy building materials.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013