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Aura Elena
Señora Aura sells clothing and cosmetics. She is 50 years old and has four children. Only two of which are in her care, they are twins and are in school, the others are married. Her husband works as a sales executive, which provided the money to begin the clothing sales. She started the business to help with the rising expenses and also because she would like to be an entrepreneurial woman. Aura wants her daughters to have the initiative in the future to have their own business. Little by little she has increased her business to sell shoes and various products. With this loan she will buy clothes, shoes and cosmetics to increase her inventory and to support better sales. Her plan is to create a pharmacy in which she can also sell her products, this will benefit the development and growth of her business.
View original language description ↓
La señora Aura se dedica a la venta de ropa y cosméticos, de edad de 50 años, con cuatro hijos, solo dos están a su cargo y estudian un par de gemelas ya que las otras están casadas. Su esposo trabaja como ejecutivo de venta, el cual dio dinero para comenzar la venta de ropa. Para ayudar con los gastos ya que todo a incrementado a demás por que le gusta ser una mujer emprendedora y que sus hijas tengan la iniciativa en un futuro de tener su propio negocio. Pues poco a poco ha logrado vender zapatos, carteras varios productos. Con este préstamo comprara ropa, zapatos y cosmético para aumentar el inventario y lograr mejores ventas. Sus planes es lograr poner una farmacia en donde también lograra vender sus productos actuales, esto beneficiaria al desarrollo y crecimiento de 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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $25,420,300
    Funds lent in using Kiva
  • 21.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Aura Elena she will buy: clothes, shoes and cosmetics to increase her inventory and to increase sales.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Apr 20, 2010
Apr 24, 2010
Currency Exchange Loss:
Jul 15, 2010