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Lizeth Margarita

Update on Lizeth Margarita

Lizeth is a young, single mother who has not had much luck in life with her partner. She is alone and fighting to find a way to move forward in life with her teenage sons. She continues to work as a packer at a plastics company. In addition, in order to pay household costs and her children's education, she sells shoes, make-up, and clothes (to order). She is applying for a loan to invest in these products. Lizeth is grateful for the financial support as, without it, she would not be able to continue with her business.
View original language description ↓
Lizeth, una joven madre soltera que no ha tenido suerte en la vida con su pareja y ella sola está luchando buscando como salir adelante junto a sus pequeños hijos quienes son unos adolecentes aun, ella continua trabajando como empacadora en una empresa de plásticos y para lograr equilibrar sus gastos del hogar y de la escuela de sus hijos vende zapatos, cosméticos, ropa por encargo, es por eso que solicita el crédito para invertirlo con los productos mencionados anteriormente, agradece el apoyo que ha recibido de financiamiento ya que sin ello no podría continuar con su venta.

Previous Loan Details

Doña Lizeth currently works as a packer at a plastics company and earns a fixed income. She continues to sell clothing, cosmetics, and silver jewelry during her free time to her co-workers and in her neighborhood. Her goal is to provide necessities for her two children since she does not have the… More from Lizeth Margarita'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
  • 168
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Lizeth Margarita to buy shoes, cosmetics and men's and women's clothes.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014