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Ileana Maria

Update on Ileana Maria

Ileana has always worked for the good of her family. She continues with her plan, which is to improve the conditions of her life. She sells cosmetics and clothing.

The loan she is requesting is for purchasing cosmetics, perfumes, skin and hair treatments, etc. Ileana has been able to improve her home with her earnings. She is grateful for the help she has received from Kiva and Afodenic.
View original language description ↓
Doña Ileana siempre trabajando por el bienestar de su familia, ella continua con sus planes que es mejorar sus condiciones de vida, ella comecializa cosmeticos y debes en cuando vende Ropa, el credito lo esta solicitando para la compra de Cosmeticos, Perfumes, Tratamientos de cuidado de Piel y Cabello, etc. ella con sus ganancias ha podido mejorar su vivienda. Agradece el apoyo que ha recibido de parte de Kiva y Afodenic.

Previous Loan Details

Sra. Illeana Maria Martínez is 45 years old. She resides in the town of Ticuantepe with her husband, who helps with the household expenses, and their daughters. Her future plans include providing her daughters what they need to continue their studies and help them become professionals since she... More from Ileana 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.

Tags

About Nicaragua

  • $4,800
    Average annual income
  • 135
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Ileana Maria buy cosmetics to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2014
Listed
May 11, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015