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Idalia

Update on Idalia

Idalia, is married and the mother of four children. She has been teaching in a primary school for many years, and her husband continues working as a refrigeration technician. This is how they are helping their family get ahead in life; by providing their children with the necessities, to the best of their abilities, as both have jobs with very low salaries.

With the previous loan she managed to enclose her house with a chain link fence, and with this loan she will install tile in her house. So she feels grateful to Kiva and Afodenic, as only with the help of the loan is it possible to make these improvements and have better living conditions in her home.
View original language description ↓
La Señora Idalia, es casada ahora es madre de 4 hijos, ella imparte clases desde muchos años en escuela primaria y su esposo continua desempeñándose como técnico en refrigeración, así ellos buscan como salir adelante con su familia brindándoles lo principal a sus hijos lo que cabe dentro de sus posibilidades ya que ambos tienen empleos con salarios muy bajos. Con el préstamo anterior logro cercar su casa con malla y con el presente crédito le pondrá cerámica a su casa por lo cual se siente agradecida con Kiva y Afodenic, ya que solamente con ayuda de financiamiento es posible hacer estas mejoras de vivienda, para contar con mejores condiciones en su hogar.

Previous Loan Details

Sra. Idalia has been a teacher for 29 years. She is married and has three children. Her husband works as a refrigeration technician. One of her goals is to improve her family’s quality of life. For this reason, she is requesting a loan so that there will be better security around her home. The… More from Idalia'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
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Idalia to buy tile, cement, sand and other materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
May 8, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014