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Eufemia Nicolasa
Doña Eufemia has her own business, a mini-bookstore that she manages out of her home. She is also retired and receives a pension. Her children are grown and independent.

During the ten loan cycles in which she has worked with AFODENIC, Eufemia has been able to make improvements to her home. With her previous loan, she was able to repair the wall at the back of her house. Today, with this new loan, she will continue with the work on the south wall and finish the enclosure of a room. She will buy materials such as sheets of zinc, iron, stone, cement, and other supplies that are needed to complete the work. Utilizing a loan is the only possible way for her to spread out her expenses.

View original language description ↓
Doña Eufemia, tiene su propio negocio, una minilibrerias en su casa de habitacion, tambien es jubilidada, en donde recibe su pension. Sus hijos son mayores e independiente.
Durante diez ciclos ha venido trabajando con financiamiento que Afodenic ha dado, en donde ha logrado las mejoras a su vivienda, con el credito anterior reparo su muro de atrás, hoy con este nuevo financiamiento, seguira levantando pared al lado sur y continuar cerando un cuarto, materiales a comprar: laminas de zinc, hierro, piedra, cemento, hierro entre otros materiales a necesitar para comenzar la obra. Que solo por este medio le es posible ya que equilibra los gastos.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $25,049,000
    Funds lent in using Kiva
  • 22.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Eufemia Nicolasa to purchase construction materials for completing a room.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 24, 2011
Sep 9, 2011
Currency Exchange Loss:
Jul 15, 2012