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Dominga

Update on Dominga

Dominga currently makes a living as a dressmaker. Through this work she earns enough to pay for necessities - mainly food and schooling - for her children with the help of her builder husband. Dominga is applying for this loan in order to buy building materials to build a wall around her house and to install a large door in her home. This will improve the home and offer her children more security.
View original language description ↓
Dominga, actualmente se dedica a su labor de costura, por este medio de ingresos mantiene las necesidades de sus hijos, principalmente la alimentación y educación con el apoyo de su esposo quien es maestro de obras. Dominga solicita el crédito para comprar materiales de construcción y levantar una parte del muro perimetral y poner un portón en su vivienda, esto para mejorar la infraestructura y brindar seguridad a sus hijos.

Previous Loan Details

Dominga is the mother of 2 children, ages 8 and 17. Her husband is obliged to travel outside the country in search of employment due to the difficult situation in his country. Dominga continues to sell cosmetics from catalogs, which enables her to continue investing in her house, little by litt... More from Dominga'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
  • 139
    View loans »
    Nicaragua Loans Fundraising
  • $24,067,475
    Funds lent in using Kiva
  • 25.4
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $800 helped Dominga to buy iron, bricks, cement, sand and a large door.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2014
Listed
Apr 15, 2014
Currency Exchange Loss:
Possible
Expired:
May 15, 2014