Update on Luisa AmandaLuisa Amanda has continued to increase the sale of plastic items, which she does along with her husband. For years, they have gathered clientele from markets. The products are well-priced, and 80% of Nicaraguans buy plastic plates, coffee cups, soup bowls, and large and small buckets, since they are cheap and last a long time.
Luisa has been building her house with savings and financing that she has received from AFODENIC. She has been able to make many improvements, similar to the improvements with her business.
Today with this new loan she will be able to plaster the walls in her home, improve the roof (since it was very poorly installed), which will improve the well-being of her family.
Su vivienda la han ido construyendo con ahorros y financiamiento que han hecho en Afodenic, en donde han avanzado mucho en las mejoras, asi como el aumento de su negocio.
Hoy con este nuevo prestamo sera para repellar paredes internas de los cuartos, mejorar techo, ya que se lo dejaron mal hecho el trabajo, y que podra dar a mejorar para el bienestar familiar.
Previous Loan DetailsLuisa is a very hard-working woman who is dedicated to supporting her family. She works with her husband in the sale of plastic products. They have been selling a variety of products for over eighteen years. Beginning with only a few items, they've been able to increase sales by offering a v... More from Luisa Amanda's previous loan »
About AFODENICThis 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.
63View loans »
Success!! The loan was 100% repaid