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Ángela María

Update on Ángela María

Ángela María has worked the land for a long time. Currently, she is in the process of establishing a manzana (1740 square meters) of sorghum and for this she needs to purchase the grain, fertilizer, manure, and prepare the soil. And for this, she needs capital; she is asking for this loan to purchase all the mentioned supplies. She hopes that her economic situation improves with this harvest. She is grateful for the support and confidence that Kiva and Afrodenic have offered her.
View original language description ↓
Doña Angela Maria ha trabajado la tierra por mucho tiempo, actualmente esta en proceso de establecer una manzana de Sorgo por lo que necesita comprar el grano, fertilizantes, abono y preparar el suelo, para ello requiere de capital, ella solicita este crédito para la compra de todo lo mencionado, espera que su economía mejore con esta cosecha, Agradece el apoyo y confianza que Kiva y Afodenic le han brindado.

Previous Loan Details

Mrs. Ángela María G. R. is 37 years old, married, and lives in Pilas Orientales with her husband, a merchant, who supports her with the monthly expenses. They are a family of 4, with the oldest working with them in the field and the others doing the household chores. They are in school and also... More from Ángela María'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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Ángela María to purchase agricultural supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2014
Listed
Jun 6, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015