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Maria Nela

Update on Maria Nela

Doña María Nela has always had a small business, a grocery store, and the moral and financial support of her companion. They have two small children who are studying.

Today she is pleased because her project of building a room continues to move forward. With her previous loan, María Nela was able to complete half of the concrete work and pay for part of the materials. However, she was not able to acquire additional cement.

This new loan will be used to continue building the walls and the ceiling. She and her husband will continue to work together until the room is finished. When the time comes, they will have a proper roof that will provide greater comfort and privacy for their family. They currently live with her mother-in-law, so she wants to move in quickly so that they will have a better future.

View original language description ↓
Doña María Nela, siempre cuenta con su pequeño negocio, una pulpería, y el apoyo moral y económico de su compañero, sus dos pequeños hijos, estudiando.

Hoy en día, está contenta porque su proyecto de su cuarto sigue avanzando, con el crédito anterior, logro avanzar hasta la mitad de concreto, y tiene parte de materiales, pero con el cemento no ajusto.
Lo que con este nuevo financiamiento podrá seguir levantando paredes, y techo si le alcanza, oh seguirá esforzándose junto a su esposo para concluir la mejora a su cuarto. En donde vendrá, ah tener un techo propio mejor comodidad, privacidad para su familia. Ya que viví donde su suegra, y que pronto cambiara, para un futuro mejor.

Previous Loan Details

María Nela is a hard-working woman with a desire to improve her situation. She runs a business to support her family. She has had two children and her husband works as a supervisor. Her business is a pulpería [small grocery store] that she started three years ago with savings that her husban... More from Maria Nela's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Maria Nela to continue the construction of a room.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 13, 2011
Nov 1, 2011
Currency Exchange Loss:
Nov 15, 2012