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Indiana Del Carmen

Update on Indiana Del Carmen

Indiana is a single client. She doesn't have children to support, since they are all adults and earn their own living. She has been working as a clerk at a grocery store in a market for four years with one of her sisters.

She is requesting her third loan, which will be applied towards infrastructure. She will build a bedroom and improve her home. To this end she will need to buy cement, sand, blocks, and iron. She will take advantage of the space she has left on her plot so that her family can live more comfortably, with no lack of space or privacy.
View original language description ↓
Doña indiana es una clienta soltera no tiene hijos que mantener ya todos son mayores de edad e independientes que se buscan la vida solos, ella trabaja como dependiente en una tienda de abarroterías en un mercado desde hace cuatro años con una hermana, esta optando a su tercer crédito para infraestructura construcción de cuarto y mejorar su casa para ello necesitara comprar cemento, arena, bloques, hierro, aprovechando el espacio que le queda en su terreno para vivir un poco mas cómodos con su familia sin carecer de espacio y privacidad.

Previous Loan Details

Indiana has improved her finances by changing her work. Nowadays, she sells from a unit in the market of the capital, and earns a better income, since previously she was in domestic service. Her three children are also working. Her goal is to continue expanding her home, since it is very sm... More from Indiana Del Carmen'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
  • 114
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 24.4
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,250 helped Indiana Del Carmen to buy cement, sand, blocks, and iron.
99% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015