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Yamileth De Los Angeles

Update on Yamileth De Los Angeles

Yamileth lives in the Ticuantepe municipality with her husband and daughters. She has had her own dressmaking business for 15 years. Her husband works as a mechanic. In this way, they support each other so they can provide their children with what they need for their education, clothing, and food and with the household expenses.

With the previous loan they built a room in order to have more space and comfort in their home. With this new loan she will buy construction materials like sand, cement, paint, and doors in order to give the room the finishing touches.

She is grateful for the support from Afodenic through the Kiva loans she has been granted.
View original language description ↓
Doña Yamileth habita en el municipio de Ticuantepe junto a su esposo e hijas, ella tiene su propio negocio es modista desde hace 15 años, su esposo trabaja como mecánico, ambos de esa manera se apoyan para brindarle a sus hijas lo necesario como los estudios, ropa, comida y con los gastos del hogar, con el credito anterior construyeron un cuarto para tener mejor espacio y comodidad en el hogar, con este nuevo financiamiento comprara Materiales como: Arena, Cemento, Pintura, Puertas para darle el acabado a su cuarto, Agradece el apoyo que Afodenic atravez de Fondos Kiva le han brindado.

Previous Loan Details

Yamileth has been a dressmaker for many years. Her husband works as a mechanic. In this way, they support each other so they can provide their children with what they need for their education, clothing, and food. The greatest difficulty they face is that their income isn’t enough to build an anne... More from Yamileth 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 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
  • 149
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Yamileth De Los Angeles to buy construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2013
Listed
May 19, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014