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Rosa Argentina
Doña Rosa Argentina is an empresarial woman of 57 years old. She has a family of 3 children and her husband. Rosa has a varied business, such as selling gas and cooked beans, and renting out rooms. She also receives a remittance from one of her daughters, who lives overseas. With this help Rosa has been able to invest in her business. Her husband buys and sells gold, which has also permitted her to develop and grow her business. Rosa's house is made from concrete and she has been able to make improvements to it thanks to her sales. With this loan she will purchase materials to put a ceiling in and avoid the high temperatures. Rosa is content because thanks to the efforts of her family and this loan she will have better comfort in her old age.
View original language description ↓
Doña Rosa Argentina es una mujer emprendedora, de 57 años de edad, con una familia de tres hijos, y su esposo. Su negocio es una variedad, de productos como: venta de tropigas, frijoles cocidos, alquiler de cuartos, a demás recibe remesa de una hija que tiene en el extranjero, en donde con estas ha logrado la inversión de su negocio, su esposo vende y compra oro, lo cual ha permitido el desarrollo y crecimiento del mismo.
Su casa es de concreto y logrado las mejoras gracias a las ganancias de sus ventas. Con este financiamiento comprara materiales para poner cielo raso y así evitar la alta temperatura. Contenta por que gracias a los esfuerzos de su familia y el financiamiento obtendrá mejor comodidad en su vejez


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 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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rosa Argentina purchase construction materials.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2010
Listed
Apr 25, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011