Update on Rosa ElenaRosa continues to sell meals in the streets from her cart, courageously pushing her supplies various kilometers. She is a single mother with 3 children in school. Rosa also sells meals in her house, but she sells more in the streets. That is why she works so hard every day.
Rosa's goal is to continue improving her house, and for that reason, she would like to have a fixed kiosk where she could obtain better results in sales and income.
This new loan will be used to buy basic grains, meat, chicken, fruit, and vegetables to introduce variety into her plates.
Tambien vende comida en su casa, pero vende mas ambulante, es por tal razon se esfuerza cada dia. Como meta es ir mejorando su casa, es por tal razon desea tener un kiosko fijo en donde pueda, obtener mejores resultado de venta, y ingresos.
Con este nuevo prestamo invertira en compra de granos basicos, carne, pollo, frutas y verduras para tener variedad en los platillos.
Previous Loan DetailsRosa is married to her husband, a merchant, and her children are in school. Their goal is to achieve a career. Together as a family they work on their restaurant business which is located in their house. They started out with their own funds and by selling itinerantly. The plan now is to increase... More from Rosa Elena'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.
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Success!! The loan was 100% repaid