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Silvia Filomena

Update on Silvia Filomena

Silvia continues to offer beauty services, a trade she learned in her youth. Over the years she has expanded its inventory and has added the sale of new clothing and cosmetics. She also improved her housing. All this improvement has been achieved with money her children have sent as remittance, her earnings, and financing from Afodenic, which has been done in a short period. She has two people working in her beauty salon. Now she lives with just one married son.

Today with this new loan, she will change a wooden door and install a ceiling and electricity in the part where her beauty salon is in for a better atmosphere and improved hygiene. Silvia is pleased to be able to make this improvement which will give her better benefits to attract new customers upon being remodelled.
View original language description ↓
Silvia, sigue ofreciendo su servicio en belleza, oficio que aprendió desde su juventud, y que con los años ha crecido en inventario, ha puesto venta de ropa nueva, cosméticos, mejorado su vivienda, toda esta mejora la ah logrado con dinero que sus hijos mandan en remesa, sus ganancias y financiamiento en Afodenic, lo que ha podido hacer en corto plazo.En su salón tiene dos personas trabajando, hoy en día vive solo con un hijo casado.
Hoy con este nuevo préstamo, cambiara puerta de madera, instalara cielo raso, y la electricidad, en la parte que tiene el salón, para dar un mejor ambiente, mejor servicio de higiene. Silvia esta satisfecha al poder hacer esta mejora, que le dará, mejores beneficios a la captación de clientes nuevos al ser remodelado.

Previous Loan Details

Silvia is a Stylist by profession; she has several years experience since she was able to open her own beauty salon where she provides services daily earning income to cover expenses and improve her home. Thanks to Afodenic loans she’s been improving its infrastructure. Her previous loan was ... More from Silvia Filomena'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Silvia Filomena to buy a ceiling to install over part of the beauty salon, a wooden door, and a cable for electricity.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jul 31, 2012
Sep 1, 2012
Currency Exchange Loss:
Nov 17, 2013