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Update on Isabel

50-year-old Isabel is a vendor of new clothing and she is very happy that she has her own stall located in one of the markets in the capital.

For Isabel, making improvements to her home has not been easy - she has had to make many sacrifices as the prices of building materials are constantly rising in her country.

Isabel expresses her appreciation of microfinance, as without this support she would not have been able to construct her house. She will invest this loan in building the inner walls of her home and will continue to improve the roof, which requires the following construction materials: Cement, blocks, iron, gravel, zinc sheets, bolts and beams, among others. The construction will allow her to build up her entire home in concrete and get rid of the cracks in the boards that have been deteriorating over time.
View original language description ↓
La señora Isabel de 50 años de edad, comerciante de ropa nueva, se siente muy contenta de tener su propio tramo ubicado en uno de los mercados de la capital. Para ella el irle haciendo mejoras a su vivienda no le ha sido muy facil puesto que le ha costado muchos sacrificios, debido a que las alzas de los precios de los materiales de construccion son constante en este pais. Por otra parte señala su agradecimiento a la micro-financiera ya que tambien sin el apoyo de esta tampoco le hubiera sido posible las infraestructuras que le ha venido realizando a su hogar. Con este prestamo construira paredes internas de su casa y seguira mejorando el techo, requiriendo de los siguientes materiales de construccion: cemento, bloques, hierro, piedrin,laminas de zin, golosos, perling entre otros, misma construccion que le permitira levantar todo su hogar de concreto y eliminar las divisiones de tablas que con el tiempo se le han venido deteriorando.

Previous Loan Details

For several years, Isabel has been working in retail commerce -- she sells clothing and footwear in order to support her family and to finish building her house. It is very satisfying to Isabel to be able to achieve this goal and she's been able to advance this construction thanks to the financin... More from Isabel'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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Isabel to purchase materials for the construction of the internal walls in her home.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Mar 20, 2012
Mar 28, 2012
Currency Exchange Loss:
Dec 17, 2013