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Maria Elsa
Doña Maria is a 60 year old woman who lives with her family. From a young age, Maria has been able to live up to expectations thanks to the support of her family and her husband who have worked with her to achieve her objectives. She manages a business selling decorated mirrors and oil paintings of beautiful Nicaraguan landscapes. These products are produced by various workers that she hires and then distributed to different parts of the country. Her sales are made on credit and sometimes in cash. Since starting her business, Maria has been able to increase her sales. For this reason, she travels several kilometers to the capital to sell her mirrors which are in great demand.


This loan will allow her to increase the volume of products she offers. She plans to buy plaster, various types of paint, mirrors, wood, and frames. Maria will be able to generate more sales and cover both her business and personal expenses.

View original language description ↓
Doña Maria vive junto con su familia, tiene la edad de 60 años, mujer que desde joven ha logrado las expectativa gracias al apoyo de su familia y esposo que junto trabajan para lograr los objetivos, del negocio la venta de espejos decorados, cuadros en óleo el cual son muy vendido por ser paisajes bonitos y Nicaragüenses. Estos productos son elaborados por varios trabajadores que tienen, y son distribuidos en diferentes departamentos del país el cual sé dan al crédito y alguno al contado. Desde que inicio su negocio es poder lograr el crecimiento en sus ventas. Es por eso viajan a muchos kilómetros de la capital para poder ofertar sus espejos ya que la demanda es alta. Con este crédito incrementara el volumen de productos en donde comprara: yeso, pinturas, espejo, pintura para pintar los cuadros, madera, marcos. Lograr con esto aumentar las ventas y cubrir los gastos del negocio como personal.

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
  • 111
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Maria Elsa purchase plaster, various types of paint, mirrors, wood, and frames.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2010
Listed
Apr 28, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011