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Ana Maria
Ana Maria, together with her husband, dedicates herself to the business of furniture upholstery. Both have worked hard to make improvements to their home and workshop. She is 49 years old and has three children; two are students, and one is working. She has a number of years managing the upholstery shop. Previously, she worked in the free trade zone where her husband worked in furniture repair. She quit her job, and with the liquidation was able to invest in lumber to generate more income by selling chairs, sofas, and fixing furniture. One challenge has been the high cost of lumber. Even the covers for this work are costly, forcing her to charge higher prices and therefore lose some sales.

With the previous loan, she managed to install a location at the front of her house where she could work under better conditions given she does not have a locale of her own. With this loan, she will be able to close up the porch and buy materials such as: stone, sand, cement, and metal. Enclosing the area will have an added benefit for the family as well as the business, as she hopes to capture more customers by offering high-quality workmanship and delivery of her products. Long-term plans include establishing a separate workshop for her enterprise through financing from additional loans.
View original language description ↓
Doña Ana Maria, se dedica junto con su esposo al negocio de tapicería pues ambos se han esforzado para lograr las mejoras a su casa como a su taller. Tiene 49 años de edad, tres hijos dos estudiante y el mayor trabaja. Tiene varios años de administrar la tapicería, ante trabajaba en zona franca lo cual su esposo trabajaba reparando los muebles. Renuncio a su trabajo y con su liquidación logro invertir en madera para producir más en sus ventas de sillas, sofás, y toda reparación de mueble. Lo difícil que la madera se pone cara, hasta los forros para dicho trabajo el cual tienen que cobrar un costo alto y las ventas bajan un poco. Con el préstamo anterior logro hacer un bajarete en frente de su casa para poder trabajar en mejores condiciones en su negocio ya que no tiene un local propio. Con este financiamiento lograra cerrar el porche comprara los materiales necesarios como: piedra, arena, cemento, hierro y cerrar el porche lo cual será un beneficio más para su familia, cómo su negocio que espera poder captar clientes ofreciendo un trabajo de calidad y transporte. Planes a largo plazo es lograr hacer un local solo para su trabajo que espera hacer con el financiamiento de estos préstamos.

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Ana Maria to purchase construction materials such as stone, sand, cement and metal to build a porch.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Mar 8, 2010
Mar 10, 2010
Currency Exchange Loss:
Jan 19, 2011