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Update on Josefa

Josefa is active in business. Thanks to her effort, for 17 years she has managed to support her store, which she started with few products and capital from her husband. Over the years she applied for a loan, which introduced more products. Her three children are in the university and the oldest one works. Her husband, a plumber by trade, is now retired.

This new loan she's requesting is to buy staple products such as rice, beans, sugar, cans of oil, toilet paper, dairy products, a display case for her products, and various fruits because she also sells natural fruit drinks.

With this loan she hopes to increase her inventory to improve her sales and get better earnings to support her children with the expenses for their studies.
View original language description ↓
Doña Josefa es una mujer activa en el comercio, que gracias a su esfuerzo logro durante diecisiete años mantener su venta, el cual inicio con poco productos y capital que su esposo dio. Con los años opto al financiamiento lo que introdujo más productos. Sus tres hijos universitarios y el mayor trabaja, su esposo de oficio fontanero, hoy día jubilado.
Con este nuevo préstamo que está solicitando es para la compra de productos de granos básicos, en arroz, frijoles, azúcar, bidón de aceite, papel higiénico, productos lácteos, una vitrina que le es necesaria para reguardar mas sus productos y frutas variadas ya que también vende refrescos naturales. Que espera con este préstamo aumentar más en inventario para mejorar sus ventas, obteniendo mejores resultado de ganancia para apoyar a sus hijos con los gastos de estudio.

Previous Loan Details

Josefa has her own business, it's a small grocery store where she has worked for several years. It is her means of supporting her family; she is married and the mother of four children who are students. Her husband works as a plumber. To begin with, she used her own money that her husband ha... More from Josefa'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

  • $3,636
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Josefa to buy staple items, a display case, and beverages.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Oct 1, 2012
Currency Exchange Loss:
Sep 18, 2013