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Reyna Isabel

Update on Reyna Isabel

Reyna’s a single mother of three children; she’s a hardworking woman who earns her living selling food from place to place every day but she now wants to go into the liquid gas business and continue with the fruit selling business she’s already started. She will use this loan to buy three liquid gas storage barrels to store it and then sell it; she also wants to invest in a variety of fruit and soft-drinks, a business that makes it possible for her to make quick sales and earn better profits to continue supporting her family.
View original language description ↓
Doña Reyna madre soltera de tres hijos, mujer trabajadora quien se ganaba la vida a diario vendiendo comida de manera ambulante, pero ahora desea incursionar con el negocio de gas liquido y continuar con la venta de frutas que ya había empezado, con este crédito desea comprar 3 barriles para almacenar el gas en liquido y venderlo, también desea invertir en variedades de frutas y gaseosas, negocio que le permite vender más rápido y obtener mejores ganancias para seguir apoyando a su familia.

Previous Loan Details

Reyna is a woman passionate about her work, as she has been selling food as a street vendor for 14 years. She is grateful to God, and also to the microfinance institution, as this is her main livelihood. She assures us that even as a single mother, she is the mainstay for raising her three… More from Reyna Isabel'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

  • $3,636
    Average annual income
  • 170
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Reyna Isabel to buy three liquid gas storage containers and a variety of fruit and soft-drinks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014