Update on Iccel AmandaIccel continues with her grocery store where, thanks to her effort and the financing, she has it well-stocked, and she has kept her customer base by offering a variety of products. Her husband sells shellfish and he helps her. They have two small children.
She will use the new loan to buy: basic grains, meat, chicken, eggs, cheese, bread, paper products, soft drinks, and juices. She will put the whole amount into her grocery store since her goal is to strengthen the business and to be able to improve her house later on. She wants to build a wall in the back of the house and she hopes to start soon. Iccel is always thinking about her family’s future.
Con este nuevo prestamo comprara: granos basicos, productos en carnes, pollo, huevo, queso, pan, productos higienicos, gaseosas, jugos, la inversion toda la invertira en su pulperia. Ya que su objetivo es fortalecer mas su negocio, y poder hacer las mejoras de su casa mas despues, lo que mas desea es levantar un muro en la parte de atrás que espera comenzar pronto. Siempre pensando en el futuro de su familia.
Previous Loan DetailsIccel is married and her husband works as a driver. With his support she set up a general store because it is very important for the financial needs of her family. Her plans are that her children study to be professionals. In her business she wants to have more customers and she sells a varie... More from Iccel 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.
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