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Mayra Narcisa

Update on Mayra Narcisa

Doña Mayra is a single client with one child, age 27, who is already working and helps her with the household costs. She is continuing with her clothing and cosmetics business. She has had this business for about six years. Through it, she has supported her household. This is her third loan, requested so that she can keep repairing her home's roof. A large part is still missing. She will purchase zinc laminate and wooden beams, and pay the labourers.
View original language description ↓
Doña Mayra, es una clienta soltera con un hijo de 27 años quien ya trabaja y le ayuda a ella en los gastos del hogar, ella continua con su negocio de venta de ropa y cosméticos, lleva aproximadamente 6 años en este negocio mediante el cual ha sostenido su hogar, este tercer crédito solicitado es para seguir mejorando el techo de su casa que todavía le falta una gran parte, comprara laminas de zinc, vigas de madera y pagara la mano de obra.

Previous Loan Details

Mayra, age 52, sells new clothing and cosmetics. The condition of her home is very modest. For this reason, she has elected to secure a loan because the payments are very convenient and will help even out her expenses. Today she has the support of her only daughter who lives with her. Her oth... More from Mayra Narcisa'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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $23,671,175
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Mayra Narcisa to buy zinc laminate and wooden beams, and to pay the labour.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014