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Mayela Suyen

Update on Mayela Suyen

Mayela lives in the municipality of Ticuantepe with her husband and children. Her future plan is to be able to improve her living conditions. Mayela’s husband has a refrigerator repair shop and she sells fruit and vegetables.

They will use this loan to buy building supplies to build a room where they can install the workshop because it’s currently open-air and they want to have more security because they fear having replacement parts stolen. She will buy cement, blocks, iron, sand, gravel, etc. She is grateful for the support Afodenic and Kiva funds have provided her to date.
View original language description ↓
La señora Mayela, habita en el municipio de Ticuantepe junto a su esposo e hijos, sus planes a futuro es poder mejorar sus condiciones de vida, el esposo de doña Mayela tiene un taller de Refrigeracion y ella vende frutas y verduras, con este credito compraran materiales para realizar un cuarto donde puedan tener el taller ya que esta al aire libre y ellos desena tener mayor suguridad, ya que temen que se les lleven algun repuesto, comprara: Cemento, Bloques, Hierro, Arena, Piedrin, etc. Agradece el apoyo que Afodenic y Fondos Kiva le han brindado hasta ahora.

Previous Loan Details

Mayela lives with her husband and children in the town of Ticuantepe. Her husband has a small refrigeration workshop and she has a small fruit and veg. business. Between the two of them, they have provided for their children and contributed towards improving their home. With this new loan, they… More from Mayela Suyen'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Mayela Suyen to buy building supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014