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Reynalda De Los Angeles

Update on Reynalda De Los Angeles

Reynelda is married. Her husband is a businessman. They have three children. All of them are university students so they have to work even more in order to be able to cover the university expenses for the children, which are higher compared to secondary school.

She, together with her husband, continue working in the cafe located at a school and at the home based grocery store which has supported her for 11 years. She is asking for a loan to invest in her business and to be able to maintain it because she would need to buy basic grains, dairy, canned items, meat, eggs, and others in order to always have what the client is looking for. For all of this she thanks the Kiva and Afodenic backers.
View original language description ↓
Doña Reynelda está casada esposo es comerciante, tienen 3 hijos todos estudian en la universidad por lo tienen que trabajar aun mas para poder cubrir los gastos universitarios de sus hijos ya que los costos son mayores comparados a la escuela secundaria, ella en conjunto con su esposo continúan laborando para su cafetín ubicado en un colegio y la pulpería en su casa negocio que tiene 11 años de apoyarle, solicita el crédito para invertir en su negocio y asi lograr mantenerlo por lo que necesitara comprar granos básicos, lácteos, productos enlatados, carnes huevos y entre otros para tener siempre lo que el cliente busca, todo esto gracias a los financiamientos de Kiva y Afodenic.

Previous Loan Details

Reynelda is a small merchant who has grown thanks to her tenacity and support from the institution because it’s been a door to investment to help sales levels and buy a greater variety of products for her grocery store, as well as for the snack shop her husband runs. She started out selling just... More from Reynalda De Los Angeles'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

  • $3,636
    Average annual income
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,089,275
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Reynalda De Los Angeles to buy basic grains, dairy, canned items, meat, eggs, and other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014