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Rosa Maria

Update on Rosa Maria

Rosa is continuing with her business selling baked goods as a traveling salesperson. Each day she goes to the same place, where she has gained many customers. Right now her husband, who helps support her financially, works as an automotive mechanic, and their children are also working.

Her goal is to fix up her house. With this new loan she will buy baked goods and cans of powdered milk, which she sells a lot of due to its high consumption among mothers. She hopes to get good results from her sales.
View original language description ↓
Doña Rosa, continua con su negocio de venta de cosa de horno, el cual la hace de forma ambulante, cada dia se ubica en el mismo lugar, en donde ah captado su clientela, hoy en dia tiene su pareja, el cual apoya economicamente, labora como mecanico automotriz, sus hijos tambien trabajando.
Como meta es ir reparando su casa, con esta nuevo prestamo invertira en la compra cosa de horno, y tarros de leche en polvo el cual se vende mucho, siendo de alto consumo para las madres.y que espera obtener buenos resultado en sus ventas.

Previous Loan Details

Rosa is a single mother and a businesswoman. She has a humble family and her children work for themselves. She has a business selling baked goods. Her plans for the future are to reach her goal of seeing her family prosper. She started with her own funds and now she sells larger quantities th... More from Rosa Maria'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

  • $4,800
    Average annual income
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Rosa Maria to buy more products to make baked goods and to purchase cans of powdered milk, which sell very well.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 29, 2011
Jan 11, 2012
Currency Exchange Loss:
Feb 15, 2013