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Maria De Los Angeles

Update on Maria De Los Angeles

Maria lives in the town of San Ignacio with her family. Both she and her husband have been merchants for more than 10 years, selling fruits and vegetables in the country’s various departments. Their plan for the future is to improve their living conditions. With the earnings they make, they want to finish constructing their house, but they have faced many hardships that have made it difficult. With this loan, Maria will buy construction materials, such as cement, blocks, iron, sand, stone, etc. With these materials, she will be able to finish constructing her humble home. Maria is grateful for the help of Afodenic and the Kiva funds she has been offered.
View original language description ↓
La señora Maria, habita en el municipio de San Ignacio, junto a su familia, su esposo al igual que ella son comerciantes desde hace mas de 10 años venden frutas y verduras en los distintos departamentos del pais, sus planes a futuro es poder mejorar sus condiciones de vida, con las ganancias que obtienen queren terminar de construir su casa pero muchas veces se les presentan dificultades por lo que se le ha hecho dificil, con este credito comprara Materiales de Cosntruccion como: Cemento, Bloques, Hierro, Arena, Piedrin etc, con esto podra terminar de construir su casa humilde, Agradece el Apoyo que Afodenic en Conjunto a Fondos Kiva le han brindado.

Previous Loan Details

Maria lives in the town of San Ignacio together with her husband and children. Her plans for the future are to improve her living conditions. Maria has been selling products for many years. She used to sell electrical appliances. The biggest problem she had was people stealing her products. W... More from Maria 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

  • $4,800
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,551,600
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,450 helped Maria De Los Angeles to buy construction materials.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 4, 2013