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Raquel De Los Angeles

Update on Raquel De Los Angeles

Raquel continues operating and organizing a taxi business with her husband, who is a taxi driver. Both Raquel and her husband work hard to provide all they can for their children, and Raquel is very content with the improvements they have been able to make to their house and property.

Rqauel is requesting this loan in order to purchase construction materials for putting up a wall at the front of their property and house. They hope to purchase: blocks, cement, stone, sand, iron rebar and labor costs. The current boundary marker they have in place is a stick and barbed wire fence, which is not safe and is dangerous for children. They hope this investment and building project will improve their living space and the overall appearance of their home.
View original language description ↓
Raquel, continúa con su negocio de taxi, siendo el cadete su esposo ambos se ayudan de esa manera para brindarle a sus hijos lo mejor en lo que cabe dentro de sus posibilidades, está muy contenta por los avances obtenidos con los cambios de infraestructura en su hogar, ahora hará la construcción del muro frontal ya que el cerco es de palos y alambre de púa, muy inseguro y peligroso para los niños, con esta inversión asegurara su espacio de vivienda y dará mejor apariencia, necesitara comprar bloques, cemento, piedrines, arena, hierro y pagara la mano de obra.

Previous Loan Details

Raquel works in taxi services with her husband, who is the driver. This way, they earn more income for their family, including two children in school.

Raquel has been making housing improvements using her income and eleven loans granted by AFODENIC in cycles. This has been a great… More from Raquel 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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Raquel De Los Angeles to purchase blocks, cement, rock, sand, iron and labor costs for making home improvements.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014