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Jennifer De Los Angeles

Update on Jennifer De Los Angeles

Young Jennifer today is mother of a little girl. With difficulty she succeeded in completing her Bachelor’s in Business Administration. She’s always worked in her grocery store that helps her cover her expenses and now her daughter’s as well which is why now more than ever Jennifer seeks a way to get ahead.

She’s asking for this loan to invest in her store with basic grains, meat, chicken, baked goods and snacks to maintain her income level. She hopes in future to open an Internet café to improve her economy.
View original language description ↓
La joven Jennifer, hoy en día es madre de una niña, con dificultades logro culminar su carrera de Lic. en administración de empresas. Siempre dedicada a su pulpería con la cual se ayuda para sus gastos y ahora los de su hija, por lo que ahora más que nunca Jennifer busca la manera de salir adelante. Solicitando este crédito para invertir en su negocio con productos de granos básicos, carne, pollo, reposterías, golosinas, con esta inversión espera mantener sus ingresos. Ella desea en un futuro poner un cyber café para mejorar su economía.

Previous Loan Details

Young Jennifer, 23, is married and three months' pregnant which fills her with excitement and inspires her to continue with her university studies to offer a good future to her future children. Her means of support is a home-based grocery store, a business she started with her savings and with... More from Jennifer De Los Angeles'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
  • 83
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Jennifer De Los Angeles to buy stock merchandise for her store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 9, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014