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Maria Elena
Maria Elena F. is 49 years old, married, and lives with her family in the Villa Reconciliacion neighborhood of Managua. Her husband is a security guard supervisor and they have two adult children who work in the free zone and one minor who is studying secondary school. Ten years ago Maria used her savings to start her jewelry sales business in order to help her husband meet household expenses since his salary is low. With this loan she will buy jewelry and clothing to sell thereby increasing her inventory and her sales. She thanks Afodenic for helping her grow since she has been involved in five loan cycles which she has been able to invest in her business.
View original language description ↓
Doña Maria Elena Fermín de 49 años de edad, casada, reside junto con su familia en Villa Reconciliación en la capital de Managua, su esposo de desempeña como supervisor de vigilancia, sus tres hijos dos mayores y uno menor que estudia la secundaria, los dos mayores trabajan en una zona franca. El negocio de la señora Maria es la venta de joya que desde hace diez año inicio con el propósito de ayudar a su esposo con los gastos ya que su salario es bajo, con capital propio comenzó. Con este crédito comprara joyas y ropa nueva para incrementar el inventario y las ventas. Da las gracias Afodenic por lograr el crecimiento ya que son cinco ciclos que ha prestado y lo ha distribuido en la inversión para mejora a su negocio.

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.

About Nicaragua

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 20.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Maria Elena to purchase clothing and jewelry.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Aug 18, 2009
Sep 1, 2009
Currency Exchange Loss:
Aug 15, 2010