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Update on Esperanza

Esperanza continues her sewing work and selling sweets, ice, and ice cream. Her husband works always as a bricklayer. Their children are married.

Esperanza has always yearned to improve her house. That is where, with financing, she has managed to make progress in the long term. With her previous loan she managed to improve the bathroom and buy a toilet. They now have better hygiene.

Now, with this new loan, she will be able to build a covered porch made from zinc in front of her house. This will diminish the sun in the summer as well as the rain. In order to do so she will buy corrugated metal roofing, roofing beams, bolts, cement, sand, and other materials to start the work.
View original language description ↓
Doña Esperanza sigue en el trabajo de la costura, a si como la venta de golosinas, hielo, helados. Su esposo laborando siempre de albañil y sus hijos casados.
Esperanza su ahnelo ha sido la mejora a su vivienda, en donde, con financiamiento ha logrado avanzar a largo plazo, con el credito anterior logro mejorar el baño y la compra de inodoro, teniendo una mejor higiene. Ahora con este nuevo credito podra hacer un bajarete de zinc en frente de su casa, y asi disminuir el sol en tiempo de verano como la lluvia. Para esto comprara laminas de zinc, perlines, golosos, cemento, arena , entre otros materiales para comenzar la obra.

Previous Loan Details

Doña Esperanza is 57 years old and is a secondhand clothes merchant. She also sells ice cream and cooked beans to earn more. Her life has not been easy, but she has managed to build a roof together with her husband because he works as a carpenter. With the loans Afodenic has given her, she h... More from Esperanza'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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Esperanza to buy construction materials to build a covered porch in front of her house.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 12, 2011
Dec 18, 2011
Currency Exchange Loss:
Oct 16, 2012