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Marddy Elieth

Update on Marddy Elieth

Marddy is a young single mother who wants to improve her life and her daughter's life. She looks for different types of work such as renting rooms, working as a stylist, and until recently she sold candy and food at a bus stop, but it was not going well, so now she is raising rabbits to sell as pets.

She is requesting this loan to finish construction on a room that she already started. This will allow her to expand the number of tenants that she has so that she can pay for her daughter's education. She is currently a university student.
View original language description ↓
Marddy, una joven madre soltera, de una u otra manera busca como salir adelante con su hija, buscando diferentes medios de ingresos como alquiler de cuartos, estilista y hasta hace poco vendía golosinas y alimentos en una parada de buses, pero no le fue bien ahora ella esta criando conejos para venderlos como mascotas. Con este crédito desea terminar la construcción de un cuarto que ya había empezado, esto para ampliar el número de inquilinos, de esta manera pretende pagar los estudios superiores de su hija, quien ahora es toda una universitaria.

Previous Loan Details

Doña Marddy is a stylist by profession, but does other jobs. She now works in sales at a small cafe,located in a station, where they sell a variety of foods and sweets. For years, she has been a single mother to a daughter who is in high school. Marddy also has income from renting rooms, whi... More from Marddy Elieth'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
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,700
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Marddy Elieth to purchase cement, iron, blocks, and sand.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014