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Rosa Maria
Señora Rosa Maria M. is 42 years old and lives in the Sabana Grande district. She is married and her husband works as a miller in a workshop. They have two children, one is a teenager and the elder one is at college studying. For the last 11 years, Señora M. has been selling clothing, plastic items and rechargeable phone cards. Her sales fluctuate with the seasons.

She is currently requesting a loan to buy plastic items, which will allow her to increase her sales. She has noticed that this investment has an adequate market demand, since the country's situation does not allow people to buy glass or porcelain items in shopping centers. In the short term this will allow her to better afford her eldest child's university expenses, which are necessary to provide him with academic training suitable for his socioeconomic development and for the benefit of his future family.
View original language description ↓
La señora Rosa Maria M., tiene la edad de 42 años habita en el barrio Sabana Grande, es casada y su esposo labora en un taller como fresador, ellos tienen 2 hijos uno de ellos adolescente y el mayor que estudia la universidad, la señora se dedica a vender Ropa, Plásticos, y Recargas telefónicas, desde hace 11 años, sus ventas bajan según las temporadas, por ahora solicita un préstamo para la compra de Plastico que favorezca el aumento en las ventas, ella ha observado que esta inversión tiene bastante demanda en su emrcaxdo meta, puesto que la situación del país no permite que la población compren piezas de vidrio o porcelana en los Centros Comerciales, a corto plazo brindara un mejor solvento en el gasto en el que se incurre en la universidad del hijo mayor, que es una necesidad para su formación académica adecuada de su desarrollo socioeconómico en beneficio de su futura familia.

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
  • 154
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Rosa Maria to buy plastic items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Nov 3, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011