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Raquel De Los Angeles

Update on Raquel De Los Angeles

Raquel owns a taxi that her husband drives. He also receives a retirement pension. This source of income helps to maintain their household and pay for their three children's education.

Raquel is requesting this loan to purchase construction materials to build another room for her youngest child, so that each one can have their own space and comfort in their own room.
View original language description ↓
Doña Raquel es propietaria de un taxi que maneja su esposo, quien recibe una pensión de jubilación, siendo este medio de ingresos para su familia que ayuda para la manutención del hogar y el colegio de sus 3 hijos. Raquel solicita este crédito para comprar materiales de construcción y realizar otro cuarto para el menor de sus hijos, así cada uno disfruta de su propio espacio y comodidad en su propia habitación.

Previous Loan Details

Raquel continues operating and organizing a taxi business with her husband, who is a taxi driver. Both Raquel and her husband work hard to provide all they can for their children, and Raquel is very content with the improvements they have been able to make to their house and property. Rqauel ... More from Raquel 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.

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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,043,075
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Raquel De Los Angeles to purchase blocks, cement, sand, iron, a door, windows, and paint.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2014
Listed
Mar 21, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015