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Olga Cristina

Update on Olga Cristina

Olga works hard alongside her husband: he as a security guard; she managing business at the bookstore where her only goal is to continue improving business each day and to always earn enough income so her two children may get ahead in school and she can provide them better living conditions at home. She is requesting this loan in order to raise the perimeter wall of her home. In order to do this she needs to purchase cinder blocks, cement, sand, quarry stone, and rebar. The wall will improve the security of her home.
View original language description ↓
La señora Olga, trabaja arduamente a la par de su esposo, el cómo guardia de seguridad y ella administrando el negocio de librería cuyo único objetivo es ir creciendo cada día y obtener siempre ganancias para sacar adelante a sus dos hijos con los estudios y brindarles mejores condiciones en el hogar. Solicita el crédito para levantar el muro perimetral de su vivienda, para hacer posible esta obra necesita comprar bloques, cemento, arena, piedra cantera, hierro, lo que le permitirá tener mejor seguridad en su casa.

Previous Loan Details

Doña Olga runs a second hand clothing shop and sells Avon cosmetics, a new area of sales that helps her cover household expenses. Her husband works as a laborer, and they are raising two children, supporting their education and household well-being. Olga will use this credit to buy varied items... More from Olga Cristina'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
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,080,875
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,250 helped Olga Cristina to purchase blocks, cement, sand, quarry stone, and rebar.
99% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014