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Maria Antonia
María Antonieta can always count on financial support from her children. Her business is renting out three rooms. This income helps her to pay her creditors and for the most part she has used it to improve her home. The most recent improvement was installing sewage pipes, toilets, and baths. She needs this loan to build a room to increase her rental business and for this she needs to buy cement, sand, cinder blocks, iron, quarry stone, tie wire, boards, nails, and more. She is grateful for the support offered to her by AFODENIC and Kiva.
View original language description ↓
La señora María Antonieta, siempre cuenta con el apoyo de sus hijos económicamente, su negocio es de alquiler de 3 cuartos, con ese ingreso se ayuda para el pago de sus créditos que en su mayoría los ha utilizado para mejoras de su vivienda, el ultimo fue para instalar tuberías de aguas negras, inodoros y baños. Este crédito lo necesita para construir un cuarto para aumentar su negocio de alquiler por lo que necesita comprar cemento, arena, bloques, hierro, piedra cantera, alambre de amarre, tablones, clavos entre otros, agradece el apoyo brindado por AFODENIC y KIVA.

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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,396,400
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Maria Antonia to buy construction materials: cement, sand, cinder blocks, quarry stone, iron, tie wire, boards, nails, and more.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013