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Luz Marina

Update on Luz Marina

Luz Marina has been working as an elementary school teacher for 28 years. She has demonstrated great responsibility and honesty in her work. In addition to her salary, she receives financial help from her eldest son who has an auto repair shop and helps with the household expenses. Luz is requesting her ninth loan so that she can finish building a room in her house. She only managed to build part of the room with her previous loan and now she would like to lay flooring and plaster the walls so that she can make her family more comfortable. Her life's dreams are to enjoy better living conditions in her home and for her children to have decent jobs and enjoy good health.
View original language description ↓
Doña Luz Marina se desempeña como docente de primaria desde hace 28 años donde ha demostrado gran responsabilidad y honestidad, ella además de su salario recibe la ayuda económica de su hijo mayor quien tiene un taller de mecanica y le ayuda con los gastos de la casa. Doña Luz solicita su 9no crédito para poder terminar la construccion de un cuarto en su casa, pues con el credito anterior solo logro hacer una parte, y ahora quiere poner el piso y repellar el cuarto para asi brindar mayor comodidad a su familia, su sueño en la vida en la vida gozar de mejores condiones en el hogar, que sus hijos tengan un trabajo digno y gozar de salud.

Previous Loan Details

Luz Marina, 46, has three children. Two of them are adults and work independently and one is 16 years old and still in her care. He is in second year of secondary school at Rubén Darío Institute. Luz Marina has worked as an elementary school teacher for the Ministry of Education for 26 years. ... More from Luz Marina'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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,300 helped Luz Marina to finish building a room in her house.
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 16, 2012
Jun 17, 2012
Currency Exchange Loss:
Jul 17, 2012