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Juana

Update on Juana

Juana continues with her job making wooden trucks to sell wholesale. With this new loan she'll buy materials such as wood, glue, paint, and nails so she can build more trucks.

The majority of people take advantage of this time of year to buy gifts for their children, so her sales go up a little. Her husband, an independent merchant, helps her with the household expenses.

Juana hopes to continue having the support of Kiva and AFODENIC so she can get her family ahead.
View original language description ↓
Doña Juana continua con su actividad comercial, que es elaboracion de Camiones de Madera para comercializarlos al por mayor. con este nuevo credito ella compra Materiales como Madera, Pegamento, Pintura, Clavos para poder construir mas Camiones ya que esta temporada sus ventas se eleban un poco ya que la mayoria de personas aprovechan para regalarles a sus hijos. su esposo la apoya con los gastos del hogar ya que es comerciante por cuanta propia. ella espera seguir contando con el apoyo de Kiva y Afodenic para sacar a su familia adelante.

Previous Loan Details

Juana is 36 years old. She lives in the municipality of San Juan de la Concepción, near Managua. Juana makes a living selling toy trucks that she makes out of wood. Her husband helps her with the business making the trucks. They have 4 small children that attend elementary school. Juana's bigg... More from Juana'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Juana to buy wood, paint, and glue.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2013
Listed
Oct 14, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014