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Ana Patricia

Update on Ana Patricia

Ana is a hard-working woman who has worked for years preparing food to sell. As a single mother, she had to work without rest to be able to provide daily sustenance to her children. Now, her children are adults and independent. Ana currently sells corn tortillas, curds, and cooked beans, prepared by her.

The loan that she is requesting is to maintain her income from this small business. She needs to buy corn by the 100 lbs. since it is cheaper, and curds by the pound to sell and maintain her daily income.
View original language description ↓
Doña Ana, es una mujer trabajadora quien durante años trabaja haciendo comida para vender, como madre soltera tuvo que trabajar sin descansar para poder darles el alimento diario a sus hijos, hoy en día son mayores de edad e independientes. Ana en la actualidad vende totillas de maíz, cuajada y frijoles cocidos, elaborados por ella. El crédito que solicita es para mantener sus ingresos de este pequeño negocio, necesita comprar maíz por quintal ya que le sale más barato y cuajadas por libras para vender y mantener sus ingresos diario.

Previous Loan Details

Mrs. Ana sells tortillas and curds. She has done this for several years, and it has been her way of succeeding along with her children. In the beginning she only made a few tortillas, but with the years her production increased, as did her customer base, when she received more working capital th... More from Ana Patricia'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
  • 147
    View loans »
    Nicaragua Loans Fundraising
  • $24,068,900
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Ana Patricia to buy corn by the 100 lbs., beans, and curds.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014