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Reina Teresa
Reyna is a clothes merchant; she sells them at her workplace because she’s been employed in the tax free zone for the last five months; her business for many years had been meat sales.

However, meat is more expensive every day so sales dropped and it wasn’t working out for her any more. She decided to find a different alternative because her husband’s earnings weren’t enough because her three children are in school.

With the goal of building her house, she will use this new loan from Afodenic to finish buying building materials and supplies like: cement and iron rods to begin the start up of her building the house completely out of concrete thus improving her living conditions.
View original language description ↓
Reyna es comerciante de ropa, el cual vende en su centro de trabajo ya que hoy en día, tiene cinco meses de estar laborando en zona franca, siendo su negocio por varios años la venta de carne.
Pero la carne cada día esta ah altos costos lo que las ventas se pusieron bajas y no le estaba resultando. Lo que decide buscar otra alternativa ya que, solo con el trabajo de su esposo no alcanza, ya que sus tres niños estudian, así como el objetivo la construcción de su casa, el cual mediante financiamiento en Afodenic ha comprado parte de los materiales de construcción, y que con este nuevo préstamo terminara de comprar: arena, cemento, hierro para comenzar el arranque completo de concreto de su casa. Y así poder estar en mejores condiciones de vivienda.

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

  • $4,800
    Average annual income
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Reina Teresa to buy building materials and supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Covered
Ended:
May 17, 2013