Have Impact !

Nupcia Nuvinia Silva Suarez in Nicaragua

An update from one of our loans in Nicaragua:

Nupcia Nuvinia Silva Suarez is a concierge in Juigalpa who requested a loan in order to help purchase materials to repair the kitchen.

The credit was, in fact, used to improve Nupcia’s kitchen by improving the roof and pillars. The results of the loan were great, she was able put all of the loan to use to improve her house.

For the future, Nupcia plans on further developing her house using other credits that AFODENIC can provide for her. She would recommend microloans because they allow her to cover necessities which, with her salary alone, would have been impossible

Altantsetseg Duden in Mongolia

News from one of our first loan in Mongolia:

It has been four months since Altantsetseg Duden first received her Kiva loan.

She spent her loan to buy 120 textbooks for students who are taking tests to enroll in university. For now 80 percent of the books have been sold because exam day will be coming soon.

With the income she bought a variety of new and used books to resell. As a result, her business inventory has increased, and her monthly profit has increased by 50,000 tugrugs ($1 USD=1400 MNT). Altantsetseg is sending her thanks to all her lenders for supporting her tiny business.

The Luganda Kulya women's group in Uganda

An update from one of our loans in Uganda:

Saydah Nakitende is a hard working and devoted mother of 3 children and cares for 4 orphans. She is a poultry farmer in Kasangati where she keeps over 200 birds both layers and broilers and she hopes to increase this number once her capital increases.

She is grateful that she is able to pay school fees for all her children by the sale of eggs and chicken for meat and this gives her hope for future peace. She wants to have more than enough for her current customers so that other customers can come in.

Evelyn Dionela in the Philippines

We received this update from Crispulo Alcantara, a Development Officer for Kiva field partner Ahon Sa Hirap, Inc. (ASHI):

During my loan utilization check, Evelyn is quite sad in informing me that her loan was not fully utilized because she used part of her loan in paying the bills, electricity for many months, she wants to settle the said account for the continue the operation of her store. She was able to renew their license of her store, and she borrowed Php1,000.00 for the medication of her child. She has a cash on hand amounting to Php6,000.00 to buy assorted ingredients to start her food vending.

She promised me to do her best to improve her business for her to be trusted by the lenders who supported her application.

The 5% Salamat Fund that goes directly to their group fund savings for emergency needs of the group, and Php600.00 Philhealth balance were deducted upon the release of her loan.