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Aida

Update on Aida

Aida is a woman who has worked as a teacher for years, sharing her knowledge with the new generation. Now she gives lessons from her house as she is retired, like her husband. Their children are independent.

Aida is requesting this loan in order to invest in improving the infrastructure of her house. She will raise a wall around part of the house and slowly improve it to obtain comfort and be able to enjoy her retirement peacefully.
View original language description ↓
Doña Aida es una señora que ha venido trabajando como docente por años compartiendo sus conocimientos con la nueva generación, ahora imparte clases en su hogar ya que es jubilada al igual que su esposo, sus hijos son independientes.
Aida requiere de este préstamo para invertirlo en mejoras de infraestructura en su hogar, levantara un muro perimetral de una parte de la vivienda, así la irá mejorando poco a poco para obtener confort y disfrutar tranquilamente de su vejez.

Previous Loan Details

Doña Aida is now retired from her work as a primary school teacher. Her greatest desire is to finish building her house in order to leave her children a good home and make her grandchildren feel proud of their grandmother. She receives economic support from one of her children. Her plan for the f... More from Aida'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
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 26.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Aida to buy cement, block, sand, iron, grit.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015