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Paula Isidora

Update on Paula Isidora

Paula unconditionally helps her three children with their university expenses so that they are prepared and become professionals. Their incomes as janitors are very low, and it doesn't cover their various expenditures. This is why she decided to open a Nintendo shop. The loan is to buy three TVs and two more Nintendos, because demand is good and and she has to take advantage of this opportunity. She hopes in the future to start a canteen or a small grocery store, always having the support of financing.
View original language description ↓
La señora Paula, ayuda incondicionalmente a sus tres hijos, en los gastos universitarios para que ellos se preparen y sean profesionales, sus ingresos como conserje son muy bajos, los que no le da para con los diferentes egresos que tiene, por eso opto por poner un negocio de nintendo, el credito es para comprar 3 televisores y 2 nintendos mas, ya que la demanda es buena y tiene que aprovechar esta oportunidad, esperando que en un futuro pueda poner un comedor o pulpería, siempre contando con el apoyo de financiamiento.

Previous Loan Details

Paula continues working part-time as a caretaker. Previously, she was also selling food from her work. Now she has changed her business, since chicken and beef prices have increased which has mean she no longer makes a profit. She is a single mother of three children. The oldest is studying and w... More from Paula Isidora'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
  • 109
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Paula Isidora to buy three TVs and two Nintendos.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013