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Elieth De Los Angeles

Update on Elieth De Los Angeles

The young woman Elieth is licensed in accounting and works at a private company. She has an 8-month-old daughter and is a single mother looking to move forward and live in better conditions with her family.

She is requesting a loan in order to finish the improvements on her room; she still wants to line the walls with plaster, which is why she needs to buy the mentioned materials. She also needs screws and paste for gluing. She will also install an electric system.

She is very happy and thankful because thanks to the easiness of this financing, she will be able to make these changes to her home.
View original language description ↓
La joven Elieth es Lic. En contabilidad trabajo en el que se desempeña en una empresa privada, tiene una niña de 8 meses de nacida, es madre soltera que busca como salir adelante y vivir en mejores condiciones con su familia. Solicita el crédito para terminar de mejorar su cuarto que todavía le falta forrar las paredes de gypsum por lo que necesita comprar el material mencionado así como también tornillos, pasta para el pegado y pondrá el sistema eléctrico, ella está muy contenta y agradecida porque gracias a la facilidad de financiamiento irá haciendo estos cambios en su vivienda.

Previous Loan Details

Elieth is 25 years old. She is single and lives with her parents. She works as an administrative assistant in a construction company. She has had the moral and financial support of her parents, which why she is now stable in her career and will begin to make improvements to their home, which is a... More from Elieth 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 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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Elieth De Los Angeles to buy plaster, screws, paste, and materials to install an electric system.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014