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Celestina Del Carmen

Update on Celestina Del Carmen

Celestina is currently working for a private company in the area of sales and continues to have the support of her husband. In order to contribute to the development of her home and to her small children, she will use this loan to buy construction materials, like: cinder blocks, rod iron, sand, cement and other things. The end goal is to finish the outer wall of the living room on the westend of the house. This will allow her to provide her family with a house they can be proud of. She is thankful for the support given to her by the micro lenders and kiva.
View original language description ↓
Celestina, actualmente labora para una empresa privada en el area de ventas, continua contando con el apoyo de su esposo. La señora en virtud de contribuir al desarrollo de su vivienda y de sus pequeños hijos el destino que tendra su credito en esta oportunidad sera para comprar materiales de construccion como: bloques; hierro, arena, cemento y otros; cuyo fin es cerrar la pared de la sala, costado oeste y asi brindarle a su familia una vivienda digna; agradece el apoyo otorgado por la micro-financiera y kiva.

Previous Loan Details

Celestina is mother to two children for whom she has worked very hard as a caretaker in order to support them and cover their needs. Her husband works as a messenger and together they have been saving up to build their own home. Everything costs a lot right now and it has been difficult buyin... More from Celestina Del Carmen'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
  • 111
    View loans »
    Nicaragua Loans Fundraising
  • $24,831,575
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Celestina Del Carmen to buy construction materials to build a wall.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 29, 2012
Mar 17, 2012
Currency Exchange Loss:
Mar 15, 2013