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Fatima Del Rosario

Update on Fatima Del Rosario

Fátima is a hardworking woman. Together with her husband, they look for ways to get ahead. Through great effort and sacrifice, they work so that their children don't fall behind in school and can hold their own in life with the knowledge they gain there.

Fátima continues with her small project of improving her house, which is quite deteriorated. With this new loan she wants to invest in roofing her house and putting up walls. She wants to get prepared before winter, which makes things very uncomfortable due to the mud that the water produces.
View original language description ↓
Doña Fátima, una señora trabajadora junto a su esposo, buscan como salir adelante con mucho esfuerzo y sacrificio en su trabajo tanto ella como el, para que sus hijos no se atrasen en sus estudios, para que puedan defenderse en la vida con sus conocimientos, doña Fátima continua con su pequeño proyecto de mejorar su vivienda que está bien deteriorada y con este nuevo crédito desea invertir en la puesta del techo y levantar pared de su casa, desea prepararse antes de que llegue el invierno lo que pone un ambiente muy incomodo por el lodo que produce al filtrarse el agua.

Previous Loan Details

Fátima continues with her business selling clothes, shoes, and fruit. Over the years, she has offered more and more products to her growing clientele and helping with household expenses. Her husband has his painting workshop, always helping out with expenses. To support their efforts to make ... More from Fatima Del Rosario'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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $23,814,675
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Fatima Del Rosario buy sand, cement, blocks, iron, and sheet metal.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 11, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014