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Rafaela Isabel
Rafaela is 52 years old. Her business is a small store where she sells a variety of products, which she started several years ago with money from her job as a cook. She had invested in cosmetics and clothing, but later decided to create her store for which she has been investing in stock with the funding provided by the institution.

To improve her store, her house is made of concrete although it still lacks a ground floor. However, what she wants is to do is raise the roof a little more, since it is rather low and generates a lot of heat. For this reason, there is the need to put up walls in better condition. For this, she will purchase blocks, cement, iron, wood, nails, and will began to do the work. She is pleased that through these loans she is obtaining a better roof.
View original language description ↓
Doña Rafaela tiene la edad de 52 años, su negocio es una pequeña pulpería en donde vende una variedad de productos, el cual inicio hace varios años con dinero de su trabajo como cocinera, ha invertido en cosmético y ropa, pero luego decide poner su pulpería que ha ido invirtiendo en inventario con los financiamiento que la institución ha dado.
Para mejorar su pulpería, su casa es de concreto aun falta poner el piso aun es de suelo, pero lo que quiere hacer es subir un poco mas el techo ya que es bien baja y produce mucho calor, es por eso la necesidad de levantar mas las paredes para poder estar en mejores condiciones. Para esto comprara, bloques, cemento, hierro, madera, clavos y comenzara hacer la obra, contenta por que a través de estos préstamos esta logrando un mejor techo.

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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $25,013,050
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Rafaela Isabel to purchase blocks, sand, cement, wood to raise the walls for the roof (which is currently too low and generates heat).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 31, 2010
Jun 6, 2010
Currency Exchange Loss:
Jun 15, 2011