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Teresa  De Los Angeles
Doña Teresa T. is a woman who puts much effort into everything she does. When she was younger, she had to work in order to help her parents. Now she does the same in order to support her own family. She has four children (ages 23, 17, 15, and 14), of which only one is a student. Her ex-husband is a mechanic and helps with the food bill even though they are no longer together. She currently works as a housemaid, but she doesn’t see any future in that job. When she has enough money saved, she wants to start a cosmetics business from home so that she can be in control and earn a better income.

Doña Teresa is requesting her fourth loan from AFODENIC. She will purchase sand, cement, and other building materials needed to install a ceramic tile floor. This will improve the condition of her home and make it more presentable. She thanks the Institution for providing these benefits so that she can make improvements that are suited for her family.

View original language description ↓
Doña Teresa T. es una mujer esforzada que desde joven a trabajado para ayudar a sus padres primeramente y ahora a su familia, procreo cuatro hijos de 13, 15,17 y 23 años los cuales solo uno estudia, su ex esposo es mecánico y le ayuda para la alimentación ya que no están juntos, ella trabaja en servicios domestico pero en la casa que trabaja no tiene perspectiva es por eso en cuando recoja unos ahorro quiere poner un negocio de cosmético para poder estar en la casa y tener mas orden y obtener mejores ingresos, este es su cuarto crédito en Afodenic el cual invertirá en la compra de materiales de construcción como: cemento arena y otros materiales para comienza hacer el embaldosado y una cera de su casa para estar en mejores condiciones y con una mejor presentación. Da las gracias a la institución por los beneficios para hacer las mejoras a su casa el cual su familia esta contenta de estas mejoras.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 20.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Teresa De Los Angeles purchase materials to install a ceramic tile floor.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 18, 2009
Sep 1, 2009
Currency Exchange Loss:
Jul 15, 2010