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Fatima Del Rosario

Update on Fatima Del Rosario

Fátima’s a humble, hardworking woman living in the municipality of Ticuantepe with her husband and children. Her future plans are to improve her living conditions and to finish building her house. Both she and her husband work to get ahead and they both share household expenses.

Fátima will use this loan to buy building supplies like cement, sand, iron rods and blocks because she wants to build a room on the rear of the house in order to have more room. She thanks Afondenic for the help which in conjunction with Kiva funds it has been giving her.
View original language description ↓
La Señora Fatima mujer humilde, trabajadora habita en el municipio de Ticuantepe, junto a su esposo e hijos sus planes a futuro es mejorar sus condiciones de Vida y terminar de Construir su casa, entre los se dividen los gastos del hogar ya que ambos trabajan para poder salir adelante, con este credito doña Fatima compra Materiales de Construccion como: Cemento, Arena, Hierro, Bloques ya que desea construir un cuarto en la parte trasera de su casa para poder tener mejor espacio, Agradece a Afodenic el apoyo que en cojunto a Fondos Kiva le han brindado.

Previous Loan Details

Fatima resides in the town of Ticuantepe with her husband and son. Their dream is to have better living conditions. She has been a merchant for years. She sells used and ordered clothing, a business that earns her a lot of profit so that she can cover part of their home expenses. She also works f... More from Fatima Del Rosario'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

  • $3,636
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,383,800
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $625 helped Fatima Del Rosario to buy building supplies.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 4, 2013