Update on Isaura SuyenIsaura continues with clothing sales and now with accessories for mobile phones like chargers, cases, cartridge belts, batteries, protector in order to obtain higher profits to support her family. Her two small children attend elementary school and her husband works as an accountant in a private firm providing economic and moral support.
She will use this new loan to buy batteries of various brands, chargers, cases and cords for mobile phones as well as clothes to continue maintain her sales and acquiring clientele to be able to cover basic and personal expenses; she’s also been able to make this new investment thanks to Afodenic loans.
Con este nuevo préstamo, comprara: baterías de varias marcas, cargadores, carcasas, cordones para celulares, así como ropa para seguir manteniendo sus ventas y la captación de clientes. Para poder apoyar con los gastos básicos y gastos personales, también ha logrado esta nueva inversión gracias a estos financiamientos otorgados en Afodenic.
Previous Loan DetailsIsaura has been in business for the past five years. She is a mother who is very dedicated to the support of her children. With the help of her husband who works in a bottling plant, she sells clothing and cosmetics which she started with little money. Thanks to her tenancity and hard work sup... More from Isaura Suyen'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