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Raquel De Los Angeles

Update on Raquel De Los Angeles

Doña Raquel has her small paper goods business in her home. Her husband works as a driver, giving moral and economic support to their two children who are students in secondary school. Her goal is to grow her business as well as to improve her house. Therefore she will build a wall, to give greater security to her property and her family. With the loan she will purchase construction materials and begin the work.
View original language description ↓
Doña Raquel, tiene su pequeño negocio de librería en su casa de habitacion, su esposo laborando como conductor, dando el apoyo moral y economico a su dos hijos estudiante de secundaria.
Como objetivo es crecer, en su negocio, asi como hacer las mejora a su casa, es por tal razon hara un muro, dando mejor seguridad, a su propiedad y a su familia, el cual comprara materiales de construccion y comenzar la obra.

Previous Loan Details

Raquel is a small merchant that started with her paper goods sales four years ago. She started out with just a few items in the neighborhood. The advantage, however, is that there is no other business nearby that sells the same products which has helped her acquire customers. She will use th... More from Raquel De Los Angeles's previous loan »

Additional Information


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.

About Nicaragua

  • $4,800
    Average annual income
  • 32
    View loans »
    Nicaragua Loans Fundraising
  • $26,398,725
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Raquel De Los Angeles to purchase construction materials to make a wall safeguarding her property.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 29, 2011
Jan 12, 2012
Currency Exchange Loss:
Dec 15, 2012