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Simona Del Carmen

Update on Simona Del Carmen

Simona is still selling every day in her small grocery store. Thanks to her hard work, savings, earnings and financing, she has been able to sell a range of different products. She has dedicated herself completely to her store, since selling clothes in the departments wasn't resulting in profits.

Her four children are married and she is separated from her husband. This has been a sad time in her life, but she has the support of her children and grandchildren. She will keep investing since she has to pay for all of the expenses of water, electricity, food and medicine.

With this new loan she will buy: six quintales of rice, three quitales of sugar, five cans of oil, dairy products and candies. These are very much in demand from her customers. For her this loan payment plan is very satisfactory, since it balances her finances.
View original language description ↓
Simona sigue en sus ventas cada día en su pulperia, que gracias al esfuerzo, ahorros, ganancias y financiamientos ha logrado vender una gama de productos en variedad. Se ha dedicado completamente a la pulpería ya que la venta de ropa en los departamentos no le estaba resultando en sus utilidades.
Sus cuatros hijos están casados, está separada de su esposo, una etapa triste en su vida,pero cuenta con el apoyo de sus hijos y nietos. Lo que seguirá invirtiendo para mas solides ya que tiene que pagar todos sus gastos en agua, luz, alimentación, medicina.
Con este nuevo préstamo comprara: seis quintales de arroz, tres quintales azúcar, cinco bidones de aceite, productos lácteos y golosinas. Siendo bien demandados por sus clientes. Para ella es de gran sastifacion este medio de prestamo a plazos, ya que se equilibra en su economia.

Previous Loan Details

Simona owns her own business. For more than twenty-four years she has sold clothes. She is currently investing in a grocery store because over all these years, she has traveled to other departments to sell part of her merchandise and she would like to concentrate her business solely in her groc... More from Simona 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 Nicaragua

  • $4,800
    Average annual income
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Simona Del Carmen to invest in basic grains, dairy products and candies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jul 25, 2012
Aug 6, 2012
Currency Exchange Loss:
Mar 15, 2013