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Maria Auxiliadora

Update on Maria Auxiliadora

Maria is an industrious woman who has made great improvements in her house through infrastructure funding projects. These are advantageous because each improvement brings comfort both in her business and in her house.

She is planning on carrying out various improvements in her house and business. Previously, she built a restroom for customers, separating the business from the house. She also made improvements in the kitchen area, leaving some unfinished areas which will be finished with the new loan.
She will buy construction materials such as cement, sand, iron and tiles, repair a sewage pipe and put in a manhole.

With this work not only will she finish the kitchen area, but she will secure her family's health. She thanks the financial institution for their constant support which enables her to achieve her projects, plans and goals.
View original language description ↓
María emprendedora, ha realizado grandes mejoras en su vivienda mediante los proyectos de financiamiento de infraestructura. Siendo de beneficio por la comodidad que se obtiene con cada cambio tanto en su negocio como en su hogar. Su planes realizar diferentes obra en su casa y negocio. Anteriormente construyo el baño para los clientes separando el negocio de la casa, también mejoro la parte de la cocina dejando algunos detalle de desperfectos los cuales con el nuevo préstamo se culminarán. Comprar materiales tales como: cemento, arena, hierro, azulejos, y reparación del conducto de aguas negras construyendo una caja de registro con esta obra no solo formalizando totalmente el aria de cocina sino también asegura la salud de su familia. Agradece el apoyo constante de la financiera para ella lograr cumplir sus proyectos, planes y metas.

Previous Loan Details

Maria Auxiliadora is a dedicated woman who has worked hard as a stylist for 10 years. At the age of 39, she has succeeded in having her own little business in her house, where she has a place to attend to her customers. She started out working as an apprentice in a salon, and today her work is... More from Maria Auxiliadora'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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Maria Auxiliadora to buy construction materials.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Nov 15, 2011
Dec 1, 2011
Currency Exchange Loss:
Nov 15, 2012