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Gloria Maria

Update on Gloria Maria

Gloria sells clothing and shoes. Her husband is retired. She has a son who is under her care and who will enter university very soon, the other children are independent, but also live in her house. Gloria is requesting this loan to buy construction materials in order to construct separate rooms so she can accommodate her children in her humble home.
View original language description ↓
Doña Gloria se dedica a su negocio de ropa y calzado y su esposo es jubilado, tiene bajo su cargo a un hijo que muy pronto ingresara a la universidad, los otros ya son independientes pero habitan en casa de su madre. Gloria solicita el crédito para comprar materiales de construcción para realizar divisiones de cuartos para la comodidad de sus hijos en su humilde hogar.

Previous Loan Details

Gloria is 53 years old and her husband is retired. Both sacrificed to get their five children ahead by helping them financially. Only their 15 year old daughter still needs support and Gloria and her husband’s greatest desire is for her daughter to finish school. They have been able to cover m... More from Gloria Maria'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
  • 113
    View loans »
    Nicaragua Loans Fundraising
  • $23,731,525
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Gloria Maria buy blocks, cement, metal, sand and gravel.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2014
Listed
Feb 16, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015