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Luisa Amanda

Update on Luisa Amanda

Luisa is a hardworking woman who sells food every night from her house. The income from these sales covers her household expenses. She has applied for a loan to buy supplies like meats, chicken, cabbage, and bananas to make her dishes. With this investment, she hopes to meet customer demand and increase sales in the remaining months of this year.
View original language description ↓
Luisa, es una mujer trabajadora que vende comida por las noches diariamente desde su casa de habitación. Los ingresos de las ventas le permiten cubrir los gastos familiares. Solicita el crédito para abastecerse de materia prima para la elaboración de las comidas que vende como carnes, pollo, queso, repollo, plátanos, etc. Con esta inversión espera abastecer la demanda de sus clientes y poder aumentar sus ventas aprovechando estos pocos meses que resta del año.

Previous Loan Details

Luisa makes a living selling fried foods which are typical in her country. This business is very profitable. She also has a suit making business in which she make typical costumes for national folklore dances and she rents them out as an extra income for her family. Presently she is requesting... More from Luisa Amanda'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

  • $4,800
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Luisa Amanda to buy meats, chicken, cabbage, and bananas.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Sep 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015