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Mirna Del Rosario

Update on Mirna Del Rosario

Mirna is single and has her own sales business. She lives in a highly populated barrio of Managua. Some of the products that she most sells include footwear, electrical appliances, make-up, jewellery, and clothes. Mirna is applying for this loan to buy greater quantities of stock, allowing her to have more stock available so that she can continue to supply to her customers. Mirna wants to take advantage of the current prices of products and to sell to her customers at a better price.
View original language description ↓
Mirna es una mujer soltera que tiene su propio negocio de ventas. Ella habita en un barrio populoso de Managua; entre los principales productos que comercializa por encargo se encuentra:calzado, electrodomésticos, cosméticos, joyas, ropa entre otros. Mirna solicita el crédito para invertir en mayores volúmenes para establecer un inventario que permita disponer de productos para continuar abasteciendo a sus clientes. Quiere aprovechar los precios de compra actuales y poder vender a mejor precio a sus clientes.

Previous Loan Details

Mirna is a single mother and she is an enterprising and hardworking woman. Her children are adults and their help her financially. She has had her business for some time and she started out with a small business loan. She is faced with difficulties with some clients that do not pay on time for… More from Mirna Del Rosario'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
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,188,275
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Mirna Del Rosario to buy footwear, electrical appliances, make-up, jewellery, and clothes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014