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Melia  Teresa

Update on Melia Teresa

Melia, hardworking and with the desire for progress, works by herself in her home selling tortillas and "nacatamales" [Nicaraguan tamales], a business that has been a big help to the survival of her family at the same time as for the improvements on her house. For this reason she is grateful to AFODENIC, which has been the means for her to have achieved one of the biggest goals of her life, which is building her house.

With this new financing she will continue investing in the infrastructure of the wall and roofing of her home. This construction will use the following materials: concrete blocks, quarry stone, gravel, cement, rebar, support beams, sheets of corrugated metal, screws, and others.

Melia is satisfied and happy to carry out this new improvement to her home because it will allow her to have greater security for her house and her small children.
View original language description ↓
La señora Melia, esforzada, con anhelos de progreso, trabaja por cuenta propia en su casa de habitacion en la venta de tortillas y nacatamales, negocio que le ha sido de gran ayuda para la sobrevivencia de su familia y a su vez para las mejoras a su vivienda, razon por la que agrade a Afodenic que ha sido el medio para ella haber logrado uno de sus grandes propositos en esta vida como lo es la construccion de su casa. Con este nuevo financiamiento seguira invirtiendolo en la infraestructura de su pared y entechado de su hogar, misma construccion que llevara uso de los siguientes materiales: bloques, piedra cantera, piedrin, cemento, hierro, perlines, zinc, golosos y otros. Melia le sastiface y se siente feliz el llevar a cabo esta nueva mejora a su vivienda ya que le permitira tener para su casa y sus pequeños hijos mayor seguridad.

Previous Loan Details

Melia sells tortillas, baked beans and nacatamales (Nicaraguan tamales). She has been selling for more than nine years and it has enabled her to support her family and finish building her home. Melia started out with money that her husband gave her. He had saved up money from his job as a co... More from Melia Teresa'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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Melia Teresa to buy construction materials to make the wall and roofing of her house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 10, 2012
Mar 25, 2012
Currency Exchange Loss:
May 17, 2013