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Update on Inés

Ines is an enterprising, modest, hard-working woman who has a small business selling groceries and other products. With the help of the loan, she has succeeded in increasing the variety of her produce, and in bringing in new products.

Her plan is to expand her shop, gradually improving her standard of living, and her housing conditions for her children's benefit. With this new loan she will buy merchandise such as cosmetics, perfumes, deodorants, body creams, hair treatments, staple grains, rice, beans, sugar, cooking oils, dairy products, cold cuts, vegetables, cereals, oatmeal, soft drinks, juices, canned goods, powdered milk, cookies, candy, costume jewelry, toilet paper, soaps, maggi and maruchan soups, and other products that she sells every day in her small general store, supplying the homes in the surrounding area with food products.

She is grateful to the institution for their continued support in the development of her business, and the improvement of her standard of living.
View original language description ↓
Ines emprendedora, mujer humilde, trabajadora, comerciante de abarrotes y más, con el apoyo de la financiera ha logrado aumentar su producto en variedad e ingreso de nuevos productos. Sus planes es ampliar el local, ir mejorando su nivel de vida, la infraestructura de su casa para beneficio de sus hijos.
Con este nuevo ciclo de préstamo comprara mercadería como: cosméticos, perfumes, desodorantes, cremas de cuerpo, tratamientos de cabellos, granos básicos, arroz, frijoles, azúcar, aceites, lácteos, embutidos, verduras, cereales, avena, pinolillo, gaseosas, jugos, enlatados, leche en polvo, galletas, golosinas, bisuterías, papel higiénico, jabones, sopas maggi, maruchanes entre otros productos que a diarios vende en su pulpería abasteciendo a los hogares de su alrededor de víveres.
Agradece a la financiera por el continuo apoyo al desarrollo del negocio y al mejorar su nivel de vida.

Previous Loan Details

Inés is a small merchant whose business has grown thanks to her commitment to work and achieve higher profits. Her business is a local store that she started years ago with her own funds. And thanks to the loans repayable in installments granted by the microfinance institution Afodenic, she was a... More from Inés'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
  • $24,738,450
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Inés to buy merchandise for daily household use.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 13, 2012
Feb 3, 2012
Currency Exchange Loss:
Jan 19, 2013