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María Elena
María has had a business for two years, selling distinctive styles of silver and a variety of jewelry. This has been very beneficial to her family and together with her husband, she has been able to support her five children.

She started with a little bit of jewelry but began to grow with the finance that Afodenic granted. María began to buy jewelry in larger quanties and varieties and her sales improved each day.

With this new loan, María will buy silver clasps and different styles of laminated gold, hoping to improve sales. Her future objective is to buy a display case to better showcase her jewelry.
View original language description ↓
María se dedica al comercio desde hace doce años, vendiendo plata en distintos estilo y variedades de joyas, lo cual ha sido de mucho beneficio para la familia en donde junto con su esposo han logrado apoyar a sus cinco hijos.
Inicio con poca joyas, lo que vino a mejorar con los financiamientos que Afodenic, ha otorgado, comprando en mayor cantidad, variedad, lo que sus ventas mejoraron al vender cada día.
Con este nuevo financiamiento comprara prendas de plata y oro laminado, en diferentes estilos. Logrando mejorar las ventas.
Como objetivo a futuro es poder comprar vitrina para poder mostrar con más visión sus joyas.

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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 22.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped María Elena purchase more jewelry in different styles to improve sales.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Apr 9, 2011
May 1, 2011
Currency Exchange Loss:
Dec 15, 2011