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Elisa Lexania

Update on Elisa Lexania

Elisa presently has in her care her two children, and a sister with special needs. She works as a teacher in a school. She is reqesting this loan to buy construction materials such as gravel, sand, and concrete, with which she will start the construction of a wall in the area behind her house. This smalI project will be worked on little by little due to her financial responsibilities such as school food costs, and basic household itmes. This wall will serve in future as an annex for rooms that will allow her to provide more space and stability for her children .
View original language description ↓
Elisa, actualmente tiene a su cargo a sus dos hijos y una hermana con capacidades diferente, ella trabaja como docente en una escuela. Solicita este crédito para comprar materiales de construcción como piedra cantera, arenilla, cemento con lo cual pretende iniciar la construcción de una pared en la parte trasera de su vivienda, este pequeño proyecto lo pretende llevar poco a poco debido a que tiene responsabilidades económicas como gastos de escuela, alimentación y cargos básicos del hogar. Esta pared en un futuro le servirá como anexo para cuartos que le permitirá un mejor espacio y mayor seguridad para sus hijos.

Previous Loan Details

Elisa Lexania is 27 years old and married. She’s worked as an elementary school teacher in Colegio Enrique Tierno Galvan for eight years. She is asking for her third loan to continue improving her home, building another room in the back part of the house. With the previous loan she was able to bu... More from Elisa Lexania'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 141
    View loans »
    Nicaragua Loans Fundraising
  • $24,067,475
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $650 helped Elisa Lexania to buy concrete, iron, concrete block, sand and gravel.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 13, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 13, 2013