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Aura Elena
View original language description ↓
Mrs. G. sells clothing, shoes, phone cards, cosmetics, and Nicaraguan tamales on weekends. Her husband is a street vendor who sells phone cards. They have 4 daughters who are 19, 16, and twin 4-year-olds. In the future, Mrs. G. would like to open a store in her home, which is why she is requesting this loan that would enable her to buy school clothing and shoes, taking advantage of the coming school year. The loan will boost her sales and profits, helping her save enough money to set up her store.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer.


Doña Aura Elena se dedica a la comercialización de productos dentro de los cuales está la venta de ropa y zapatos, tarjetas telefónicas, cosméticos y venta de nacatamales los fines de semana. Su esposo se dedica a la venta ambulante de tarjetas telefónicas tiene 4 hijas, de 19 años, 16 años y unas gemelitas de 4 años. Doña Aura en un futuro quiere llegar a poner una tienda en su casa de habitación es por eso que pide el crédito para comprar ropa y zapatos escolares, para aprovechar la temporada escolar que se acerca y así vender un poco más e ir mejorando su capital de trabajo para ahorrar y poner su tienda.

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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 18.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Aura Elena purchase of shoes and apparel for the back-to-school season.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 28, 2008
Listed
Jan 14, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 30, 2008