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Ana Maria

Update on Ana Maria

Ana continues working as an upholsterer together with her husband who helps her continue to maintain her business. During the experience she's had with micro-financing she's very grateful for the support she's gotten; Kiva and Afodenic have been the means through which she's reached her goals. She proposes to use this new loan to build a second story onto her house and to install a front gate to enjoy more room in her workshop and earn better profits with respect to the furniture sales.
View original language description ↓
La señora Ana, continúa laborando en su tapicería junto a su esposo que le es de apoyo para seguir manteniendo su negocio, durante la experiencia que ha tenido con la miro-financiera agradece el apoyo dado por la misma, siendo kiva y Afodenic los medios para ella poder alcanzar sus metas. Con este nuevo Crédito lo que se propone es llevar a cabo la Construcción de un segundo piso en su vivienda y la instalación del portón frontal de su casa, para así gozar de mas espacio en su taller y obtener mayores ganancias en lo que respecta a sus ventas de muebles.

Previous Loan Details

Ana has had her own business for nine years-- a tapestry store which she started with her husband. She previously worked in a free port to cover her basic costs such as water and electricity, among others. She is now working in her tapestry store, which has grown with the help of loans, both in ... More from Ana 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
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $25,073,225
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ana Maria to buy building materials and supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 24, 2012
Mar 19, 2012
Currency Exchange Loss:
Apr 18, 2013