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Marddy Elieth

Update on Marddy Elieth

Marddy is the single mother of an 18-year old son. She has worked hard every day of her life to get him ahead and see him become a good man. Marddy has a room in her home that she rents out. Over the years, she has invested in the room, improving it bit by bit. She has repaired the walls and ceiling. This loan will be used to finish repairing the walls of the bedroom and thereby offer greater comfort to her customers. Marddy hopes to be able to finish the room in a short period of time.
View original language description ↓
Marddy es madre soltera de un hijo de 18 años, por el cual ha luchado todos los días de su vida para sacarlo adelante, y verle convertido en un hombre de bien. Marddy tiene en su vivienda un cuarto de habitación el que usa para alquilarlo. A través de estos años ha invertido en él, en mejorarlo poco a poco. Ha ido restaurando sus paredes y techos, el uso de este crédito será para terminar de repara las paredes dela habitación, y así poder brindarle mayor comodidad a sus clientes. Espera poder finalizarla habitación en un periodo corto de tiempo.

Previous Loan Details

Marddy is a young single mother who wants to improve her life and her daughter's life. She looks for different types of work such as renting rooms, working as a stylist, and until recently she sold candy and food at a bus stop, but it was not going well, so now she is raising rabbits to sell as ... More from Marddy Elieth'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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,386,550
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,175 helped Marddy Elieth to purchase construction materials to finish work on a bedroom.
78% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2014
Listed
Apr 8, 2014
Currency Exchange Loss:
Possible