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Olivia Del Carmen

Update on Olivia Del Carmen

Doña Olivia and her husband get ahead with their two children, who are growing up and increasing their main expenses (school tuition and food). Thanks to their small business and the financial support of Afodenic through Kiva, she has been able to cover their expenses. This is why she's requesting a new loan to buy more products for household use which sell well, such as basic grains, toilet paper, dairy products, eggs, meat, chicken and vegetables, among others.
View original language description ↓
Doña Olivia, en conjunto con su esposo salen adelantes con sus dos hijos que cada día van creciendo y sus gastos principales son mayores en cuanto a colegio, alimentación, gracias a su pequeño negocio y el apoyo de financiamiento de Afodenic por medio de Kiva ha podido sufragar sus gastos, por este motivo solicita nuevamente crédito para invertir con mas productos de consumo para el hogar que se vende muy bien como los son granos básicos, papel higiénico, lácteos, huevos, carne, pollo, verduras, entre otros.

Previous Loan Details

Olivia, at 47 years of age, continues with her grocery business which she has already been managing for 14 years and investing in the same to contribute to the wellbeing of her children who have been her overriding objective. Her husband who is a carpenter helps her with the home expenses. She ap... More from Olivia Del Carmen'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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,100
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Olivia Del Carmen to buy basic grains, toilet paper, dairy products, eggs, meat, chicken and vegetables, among others.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
Apr 7, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014