Lilliam Del Carmen
Update on Lilliam Del CarmenLilliam depends completely on her small store to generate the revenues which she uses to pay off the household expenses. She set it up through much effort and sacrifice. She is a single mother who fights daily for her family. Lilliam is a woman with many dreams and ambitions. In the future she would like to open a cafe to serve the underprivileged.
Lilliam is requesting this loan to invest in her business buying food products most requested by her customers and neighbors in the area she lives in. At the same time she will diversify the variety of cosmetics that she also sells in her store.
Previous Loan DetailsLilliam, a humble lady who completed secondary school, is now a single mother. She is separated and raises her children on her own. She went through a rough patch when her youngest child suffered an accident which warranted a surgical procedure. Though she felt very much alone at that moment, she... More from Lilliam Del Carmen's previous loan »
About AFODENICThis 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.
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Success!! The loan was 100% repaid