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Simona De Los Angeles

Update on Simona De Los Angeles

Simona is a hardworking women who has provided for her children, who are now grown and working. Her husband lives in a neighboring country where he got a job to help support his family and his wife. Meanwhile, Simona does the washing and ironing, as she has for years.

She has applied for her seventh construction loan. She will use this loan to add a perimeter wall to her house, which she is slowly building wall by wall with funding from Afodenic and Kiva. She is happy to be able to continue improving her house.
View original language description ↓
Doña Simona, mujer trabajadora que ha sacado adelante a sus hijos quienes hoy en día ya son independientes y trabajan por su propia cuenta, tiene el apoyo de su esposo quien continua viviendo en el país vecino en donde pudo obtener un empleo con el que ayuda a su familia, mientras doña Simona por su parte sigue con el lavado y planchado desde hace muchos años. Ella está optando por un séptimo crédito para infraestructura, esta vez para la construcción de otro muro perimetral de su casa, que poco a poco ha venido construyendo de pared en pared, con el apoyo de financiamiento de Afodenic y Kiva, por el cual está muy contenta de ir avanzando con la mejora de su vivienda.

Previous Loan Details

Simona is a hardworking woman, the mother of two children, and she is married. She has her husband's support. The business she has had over the past twenty years has been private laundry services. She started out when she saw a need to obtain an income to support her family. Through the use o... More from Simona 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 Nicaragua

  • $4,800
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Simona De Los Angeles to buy cement, sand, iron, and cement blocks and to pay laborers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014