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Olga Julieta

Update on Olga Julieta

Olga works in the field of education, passing on her knowledge to children. This work is not well-paid in Nicaragua. She has two school-aged children who are dependent on her. Olga is requesting this loan to undertake the replacement of a wood wall in part of the living room which is in poor condition due to many years in service and also to replace the roof whose structure is deteriorated. With the loan she will buy materials like zinc sheeting, quarry stone, cement, gravel and pay for labor. Her family will be able to live in peace in a pleasant environment, safe and free of flooding.
View original language description ↓
Olga, labora en el sector de la educación, brindando sus conocimientos para los niños, un empleo muy poco remunerado en nuestro país, ella tiene dos hijos en edad escolar bajo su cargo quienes están estudiando. Solicita este crédito para realizar el cambio de una pared de madera en la parte de la sala la cual se encuentra en mal estado por el pasar de los años ya dio su vida útil, así también cambiara el techo, que cuyos soporte están deteriorados. Con el financiamiento comprara materiales como laminas de zinc, piedra cantera, cemento, piedrín y pago de mano de obra, así su familia vivirá más tranquila en un ambiente agradable, seguro y libre de inundaciones.

Previous Loan Details

Olga is 34 years old, married, with 2 children, the eldest in elementary school and the youngest who is 2 years old. For 10 years, she has worked for the MINED as director of a rural school, where she is responsible for supporting teachers in this small school to teach classes when they are ill and… More from Olga Julieta'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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $23,451,300
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,200 helped Olga Julieta to buy zinc sheeting, quarry stone, cement, gravel and to pay for labor.
47% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Possible