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Maria Nela
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Nela lives in Batahola Norte, is married, and has two beautiful children, aged 1 and 2. She is 27 years old and has managed to own a small general store for two years now; she began her business with the severance payment from her husband’s previous job. Nela’s husband is currently unemployed, and so the family depends directly on the earnings from her business.

Nela is going to use the money loaned to her to invest more in her store so that she can increase both her sales and her clientele. Nela hopes that her business will improve every day and that she can thus contribute to her children’s future schooling and their financial stability.

Translated by Chris Knutson, Kiva Volunteer


Doña Nela, vive en Batahola Norte es casada y tiene dos hermosos hijos una de 1 año y 2 años de edad, a sus 27 años de edad ya ha logrado tener una mini pulpería que tiene dos años ,comenzó el negocio con la liquidación del trabajo anterior de su esposo. Actualmente Bajo su capital al quedarse desempleado su esposo y depender directamente del negocio.


Con el dinero que le presten va a invertir más en la pulpería para incrementar las ventas y la clientela a futuro espera que cada día sea más grande el negocio y así contribuir con el futuro escolar y estabilidad de sus hijos.

Additional Information

About AFODENIC

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.

About Nicaragua

  • $3,636
    Average annual income
  • 100
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Maria Nela purchasing products for her business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 23, 2008
Listed
May 9, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 21, 2008