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Gelgi De Los Angeles

Update on Gelgi De Los Angeles

Gelgi provided for her now three grown and independent children. Her husband is retired. She holds a college degree in administration, but, for lack of employment, she works mostly as a seamstress. She now has client orders, but she lacks money to buy materials to fill them. So she has applied for a loan to buy fabric and accessories.
View original language description ↓
La señora Gelgi, madre de tres hijos que a como pudo los saco adelante hoy en día son mayores de edad e independientes, su esposo es jubilado, ella tiene una licenciatura en administración, pero se ha dedicado más a la costura por la falta de empleo. En la actualidad tiene pedidos por parte de sus clientes pero no los ha podido realizar por falta de fondos para invertir en materia prima es por eso que solicita el crédito para comprar telas y accesorios.

Previous Loan Details

Gelgi continues working in her sewing business, making uniforms and a variety of other styles of clothing. She makes some items to fill orders and others to sell. Thanks to this work, she has been able to cover her expenses and her youngest daughter is in school. Gelgi is currently living with... More from Gelgi 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 Nicaragua

  • $3,636
    Average annual income
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,080,875
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $425 helped Gelgi De Los Angeles to buy fabric and accessories.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014