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Maria Elena

Update on Maria Elena

María still runs her own clothing sales business, and, during her years of work, she has grown her customer base. Her hard work has paid off and has allowed her, over time, to make small repairs and improvements to her small house. Presently, she wants to repair part of her roof and instill tile in her kitchen.

With the support from this loan, she plans to purchase zinc and sand laminates as well as cement for starting the construction. She is very excited to be able to provide a better roof over her family's heads.
View original language description ↓
Doña María, sigue con sus ventas de ropa, durante estos años, ha captado su clientela, a si como ah invertido en su capital a través de los financiamientos, como algunas mejoras a su pequeña casa, en la construcción de paredes, hoy en día, cambiara parte del techo, y embaldosara en la cocina.
Comprara laminas de zinc y arena, cemento para comenzar la construcción, con mucho ánimo por lograr dar a su familia un techo mejor.

Previous Loan Details

Maria, a very enterprising single mother, has been advancing with much effort. She has her humble house which requires improvements, and she has her own business, a clothing store that sells a variety of styles and sizes. Maria has dedicated herself to selling clothes since 15 years ago, at fi... More from Maria Elena'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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Maria Elena to purchase construction materials to repair the roof of her home and tile her kitchen.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 21, 2012
Jul 6, 2012
Currency Exchange Loss:
Jun 18, 2013