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Maria Teresa

Update on Maria Teresa

Sra. Maria Teresa is simple businesswoman from the area of Ticuantepe who has spent many years struggling to make her business successful. Now she wishes to invest in a new line of products: cosmetics. She thinks that her customers spend as much on cosmetics and personal cleanliness as they do on food. However, Maria Teresa cannot afford to invest in these products. She is very happy for the confidence and support shown to her by Afodenic and Kiva for this opportunity for a loan, as many business owners have used loans successfully to improve their businesses and standard of living.
View original language description ↓
Doña Tereza , es un humilde comerciante del sector de Ticuantepe , durante años ah luchado para salir hacia adelante con su negocio , ahora ella quiere invertir en algo nuevo para ella y su negocio como es el cosmético ya que sus clientes pueden comprar tanto para su alimentación ; como su aseo personal , pero no cuenta con el capital suficiente para realizar la inversión , está muy contenta por la confianza y el apoyo que le brinda Afodenic atravez de los fondo Kiva , ya que son muchos los comerciantes que logran mejorar su negocio y a la vez su condición de vida .

Previous Loan Details

María is a woman with great initiative in her search for employment; she has worked as a salesperson for over 13 years. One of the problems that she faces is the increase in prices for products that she buys which means that she has to increase her sale prices as well which leads to a decrease in... More from Maria Teresa'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 Nicaragua

  • $3,636
    Average annual income
  • 137
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Maria Teresa to buy groceries, cosmetics, and soft drinks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 20, 2011
Dec 1, 2011
Currency Exchange Loss:
Dec 15, 2012