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Ada Patricia

Update on Ada Patricia

Ada is a hardworking woman who lives with her family in the city of Ticuantepe. She sells clothing and this business is going very well. She has many customers and wants to provide better conditions in her home for her family so that they will enjoy some privileges. She will us this loan to buy packs of used clothing for men, women, and children because she is getting many requests. She is grateful to Afodenic Fondos and Kiva for the opportunity they are providing with this loan.
View original language description ↓
La señora Ada, mujer trabajadora y luchadora, habita en el municipio de Ticuantepe junto a su familia, ella es comerciante de Ropa, Negocio que le va bastante bien ya que tiene muchos clientes, ella sueña con tener mejores condiciones en sus hogar y que su familia goze de privilegios. Con este nuevo financiamiento comprara Paca de Ropa para Damas, Caballero y niños ya que recibe mucha demanda. Agradece a Afodenic y Fondos Kiva la oportunidad que le estan brindando mediante este nuevo credito.

Previous Loan Details

Señora Ada lives in the town of Ticuantepe with her family. For the last several years, she has worked selling clothing and second-hand shoes. The biggest challenging facing her is her pregnancy, as selling is a very busy activity which has caused her severe pain in her spine. However, she c... More from Ada Patricia'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

  • $4,800
    Average annual income
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Ada Patricia to buy clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014