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Gloria Elena
Gloria Elena is 33 years old, married, and her husband helps her with the household expenses. They have three children who are 11, 8, and 6 years old. The children who are 8 and 6 currently go to the elementary school and the older child is in secondary school. She requests a loan from Kiva with the firm goal of investing in her small business which is a general store (selling groceries and grains.) She is a hardworking woman who started this business six years ago with capital offered by her husband with the goal that her grocery will generate good profits which will allow them to improve their standard of living. They want to make some home improvements to provide necessary comforts for the whole family as the children are growing and they need better spaces for all the family members. Above all, they want to offer greater security to their children because they live in a place called "Barrio Waspan Norte", a neighborhood known for its insecurity.
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La señora Gloria Elena C. L., tiene 33 años de edad es casada y su esposo le ayuda con la economía de la casa, tienen tres hijos los cuales tienen las edades de 11, 8, 6 años de edad, los niños de 8 y 6 años cursan actualmente la escuela primaria y el mayor está en la escuela secundaria, solicito un préstamo con Kiva con el firme objetivo de reinvertirá a su pequeño negocio el cual es una “pulpería” (venta de abarrotes y granos básicos), ella es una mujer trabajadora que desde hace 6 años comenzó su negocio con capital brindado por su esposo el fin de este propósito es que ha futuro su pulpería logre generar mayores utilidades que se conviertan en cambios óptimos de sus niveles de vida y que puedan realizar unas mejoras en su vivienda para brindarle las comodidades necesarias para toda la familia y es que sus hijos van creciendo y le van demandando mejores espacios para cada una de los miembros de su familia y sobre todo poder ofrecerles una mayor seguridad a ellos, pues en lugar donde habitan, es en el “Barrio Waspan Norte” un barrio conocido por la inseguridad social que posee.

Additional Information

About AFODENIC

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

  • $3,636
    Average annual income
  • 177
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Gloria Elena to buy merchandise to stock her general store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2009
Listed
Dec 5, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010