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Maria Elena

Update on Maria Elena

Maria is single and lives in the city of Ticuantepe. Her children are grown up, so they are independent. She has a fast food business and currently wants to make some modifications to the kitchen, since her business is going very well. The condition of her kitchen doesn't meet her needs, and she wants to contract someone to help her.

She will make a new annex (a stall from which she'll sell her food) because her current one is very small. She will also buy groceries to make food. She is thankful for the support that Afodenic has always offered her, along with Kiva Microfunds.
View original language description ↓
La señora Maria habita en el municipio de Ticuantepe, soltera, ya sus hijos estan mayores son independientes, ella tiene un negocio de Comidas rapidas y actualmente quiere realizar unas modificacione en la cocina ya que le esta llendo muy bien y quiere contratar a una persona que le ayude y las condiciones que tiene la cocina no le presta para lo que ella desea, realizara un nuevo anexo ya que es muy pequeña, ademas comprara abarrotes para la elaboracion de comidas, agradece el apoyo que Afodenic siempe le ha brindado en conjunto a Fondos Kiva

Previous Loan Details

Sra. Maria is a resident of the town of Ticuantepe. She is single and has no dependents since all of her children are married and live on their own. Her future plans for her home include building a small annex where she can establish her fast food business. She currently rents the place where ... More from Maria Elena'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
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Maria Elena to buy materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2013
Listed
Jul 13, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014