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Ana Maria

Update on Ana Maria

Ana is a young, hardworking mother who together with her husband and children is looking to get ahead. Her husband works in construction, her children are in school. She has them in a public school to save money. She continues to work as a maid, which she has done for many years. Despite her low income, Ana is seeking to do some home improvements. This time, she wants to build a wall in front of her house to guarantee her family's security. security. That is why she is asking for the loan to buy construction materials.
View original language description ↓
Ana, una joven madre trabajadora quien junto a su marido e hijos busca como salir adelante, el esposo se desempeña en construcción, sus hijos están estudiando los tiene en un colegio público para ajustarse a su bolsillo, ella continua con su labor como empelada domestica desde hace muchos años, Ana a pesar de su bajo ingreso económico busca como hacerle mejoras a su hogar, esta vez desea construir el muro frontal de su casa, para garantizar la seguridad de su familia, por lo que solicita el crédito para comprar los materiales de construcción.

Previous Loan Details

Ana continues working as a maid. Her children are in school and her husband works as a builder. The couple work hard so that they can achieve a better home for their family. This is the reason they both work. It is sometimes difficult to leave the little ones alone but they are planning for a... More from Ana 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 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

  • $4,800
    Average annual income
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Ana Maria to buy cement, sand, blocks, iron bars and gravel.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014