Check out some available loans that are similar to this one!
Reyna Maria

Update on Reyna Maria

Reyna Maria lives in the town of Ticuantepe in the neighborhood of Buenos Aires with her common-law husband and children. Her husband helps with the household expenses as he works as a driver for a private company. Reyna Maria sells used clothing out of her home on an order basis. Since the current demand from her customers is high she will use the loan to buy a selection of clothing for children, youth and adults. She also wants to experiment buying a collection of used footwear to see how it goes in an effort to expand her business.

She is grateful to Afodenic and Kiva for their support.
View original language description ↓
La señora Reyna Maria habitante del municipio de Ticuantepe en el barrio Buenos Aires junto a su compañero de vida y sus hijos, el la apoya con los gastos del hogar ya que trabaja como conductor para una empresa privada, ella es comerciante vende Ropa de segunda, en su casa y por encargo, actualmente esta recibiendo buena demanda de parte los clientes por lo que con este credito comprara Paca de Ropa, por seleccion, para niños, adolecentes y adulto tambien quiere experimentar comprado una paca de zapatos usados a ver si le resulta y agrandar asi su negocio, Agradece el apoyo que Afodenic y Fondos Kiva le han brindado.

Previous Loan Details

Doña Reyna María operates a clothing sales business. Her husband is a construction worker and their combined income covers the family's expenses. They have three school-aged children, all living at home. Doña Reyna María is applying for a loan that she will use to buy wholesale supplies of us... More from Reyna Maria'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
  • 147
    View loans »
    Nicaragua Loans Fundraising
  • $24,102,725
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Reyna Maria to buy used clothing.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2013
Listed
May 23, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014